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Technology Stocks : WDC/Sandisk Corporation
WDC 224.44+4.4%9:52 AM EST

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To: anon.10 who wrote (25631)4/17/2004 7:40:56 AM
From: Road Walker  Read Replies (1) of 60323
 
LT,

I bought at $24.40, sold the MAR 25's for $1.80, bought them back for $1., sold the APR 27.50's for $2.40, bought them back for $0.80.

I'm hoping for an oversold bounce here to $27.50ish so I can sell the $27.50's for ~$2. I agree we might see under $25. in the next month. If I can get another ~1.50 off my cost basis I might let it ride through year end with a stop of ~$22. But my plans can change in a moment.

I wouldn't recommend selling calls for anybody that loves the stock; it could take off at any time. I see SNDK as very volatile, with almost equal parts of exuberance and skepticism.

John
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