WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.91

-5.8%

12:04 PM EST

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To: Steve 667 who wrote (26161)	6/21/2004 2:09:01 PM
From: Art Bechhoefer	Read Replies (3) of 60323

Steve, the large short position in SNDK as a percentage of the total float might be interpreted two ways. It confirms the weakness in the stock price, but it also suggests a major upturn in the event of favorable news, such as continued earnings increases. That sort of news could place a squeeze on the shorts and force them to cover their position, regardless of stock price. Ordinarily a short squeeze would not occur in a stock with as many shares outstanding as SNDK, but the fact that a much smaller number of those shares are available for trading might make a difference. What do you think? Art

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