WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.56

+0.7%

9:30 AM EST

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To: Pam who wrote (26227)	6/28/2004 12:56:07 PM
From: Robert Douglas	Read Replies (1) of 60323

Its easy for one to say- Why try? But if I could have figured this stock is headed down 50% I would want to get out and profit from it even if I am longer-term bull on the stock. And one didn't have to get out at the top either. You could have sold at 35 and bought back at 25 and yet could have done better than leaving the long position alone. Of course, in hindsight its all 20/20. But a little bit of quick analysis from my side should have worked for me to benefit from this. You're right, it is easy in hindsight and that's why it's so tempting to try. But it still comes down to doing the impossible which is short-term forecasting of stock prices. I've never known anyone who could do it or anyone who knew anyone who could. [Not my words] Or, to quote Buffett, why scrap an informed decision for a guess? You seem to know a lot about Sandisk and believe in its future. Why would you throw away that knowledge for a market-timing throw of the dice?

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