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Technology Stocks : WDC/Sandisk Corporation
WDC 178.23+0.8%Dec 23 3:59 PM EST
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To: Robert Douglas who wrote (26249)6/29/2004 5:36:30 AM
From: Pam  Read Replies (2) of 60323
 
Hi Robert,

<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.>

My last sentence, gives the answer to your question. In any case, its a bit too late for me to sell now (unless some new negative information emerges) but I do believe based on what I know 27-28 is near-term top (on the company's merit) and there still remains downside risk. If the whole market starts rallying, the stock could participate and exceed the price I just stated. Once I see the next Q's numbers, listen to Sandisk's and others CC's I will revalue the company again based on new information. This stock's performance is unlikely to improve unless we see a significant improvement in average megabyte per unit sold from 189MB last Q. Also, down the road, a company like Sandisk with extensive retail channels has other types of risks as the demand for their products moderates.

-Pam
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