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: Pam who wrote (26169)	6/22/2004 12:28:50 PM
From: Art Bechhoefer	Read Replies (1) of 60323

Pam, I'm sure the technical analysts can point to a bottom reached yesterday and earlier today. With NASDAQ down in the morning, SNDK was still up. I think we'll now see some short covering, which will create upward momentum on the shares. This market as a whole is characterized as a trader's market that has discounted all the good news and is still spooked by the prospect of higher interest rates. Many stocks are just hovering in a trading range, but the drop in SNDK has been so steep, and for such flimsy reasons that some reaction here would be expected. Art

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