WDC/Sandisk Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation

WDC 200.42

+6.8%

Jan 9 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pam who wrote (26208)	6/26/2004 10:33:52 AM
From: Art Bechhoefer	Read Replies (2) of 60323

Pam, you point out that short positions increased between May 15 and June 15. That increase corresponds with weakness in the stock price but does not predict current pricing of the shares. Data on short positions, because it is only available considerably after the fact, is a lagging indicator. It shows what some investors were thinking earlier. It may influence what some investors think later, but so may other factors, such as recent data on increasing digital camera sales. Putting all this stuff together, it looks to me like anyone would have a pretty difficult case to prove a drop in SNDK earnings. Additionally, SanDisk has not provided any guidance to correct its conservative, but optimistic earlier prediction on earnings for this quarter. That alone suggests that fears of oversupply and attendant pricing pressures are exaggerated. I think the shorts are basing their decisions on market gossip of the sort that comes from people who have little understanding of the technology and the markets served by that technology. Art

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next