WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 221.57

-0.2%

Jan 16 3:59 PM EST

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To: Steve 667 who wrote (25084)	2/23/2004 3:05:30 PM
From: couldawoulda	Read Replies (1) of 60323

the chart looks like a train wreck for one. Given the "infancy" of the flash memory market and prospects for growth going forward, combined with the fact that SNDK is months and sometimes a few years being ahead of product rollout vs. some competitors, it's somewhat safe to say that the stock will be up from here in the months ahead. A number of things attracted me here: cash on hand (calculated as being close to $16 a share), profit of course, growth guidance, and the 50% retracement off the stock's high for the year. All makes for a pretty good entry point here. And now for that chart... ugly.

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