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Technology Stocks : WDC/Sandisk Corporation
WDC 221.51-0.3%Jan 16 9:30 AM EST

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To: Art Bechhoefer who wrote (25601)4/15/2004 8:37:47 PM
From: Road Walker  Read Replies (1) of 60323
 
Art,

re: We're sseing the usual formula: Stock goes down after exceptional earnings growth report. Very likely the best explanation for the price action is the desire of larger investors to buy the shares at a more reasonable price. So they organize some unfavorable comments, causing the price to drop, and then they have an opportunity to correct their earlier mistake of overlooking a solid stock. Happens all the time.

It's always a conspiracy when the stock goes down; always fundamentals when the stock goes up. Yawn... it's getting old listening to the justifications.

John
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