WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: Steve 667 who wrote (26166)	6/22/2004 9:36:17 AM
From: Art Bechhoefer	Read Replies (1) of 60323

Steve, yes, I believe there was heavy options activity in early April, based on fears that the industry was entering into a period of overcapacity, high inventory, and resulting lower prices. This was at a time prior to announcements of higher demand created by new applications and lower prices. Because the data available on short selling is old, the major use is to compare with previous months and to create a benchmark for future comparisons. Even though the short position is equal to less than 4 days average trading, a substantial rise or drop could confirm other news. Art

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