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Technology Stocks : WDC/Sandisk Corporation
WDC 174.98+5.2%3:59 PM EST

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To: slacker711 who wrote (26319)7/7/2004 6:43:53 PM
From: limtex  Read Replies (3) of 60323
 
slack - great product and very nice company but the market doesn't seem to be interested any more. The writing was on the wall after the reception it gave to the last two earnings reports. What we saw seems now to have been the beginning of something much more fundamental that a cleverly executed short attack. It feels now like people making moves to get out.

I wonder how the institutional shareholding has changed over the last six months?

It seems ot me now that whoever it was that was getting out was a lot smarter than was at first apparent.

SNDK was a pioneer in its field and it may have been also the pioneer of the way in which stocks are going to be treated here on. YHOO did reasonably well and got hammered A/H. Good but good isn't worth anything any more. It will be interesting to watch if it follows down the same path as SNDK.

My guess is that many people will now head for the hills as P/E compression is the new name of the game in other words ..who cares if you did very well you still get taken out to the wooodshed. Who needs that kind of grief every day.

The bear is back even though companies are doing very well.
As for SNDK with this much uncertainty and all the talk about gluts and MU and Hynix STM etc I'd like to know who is going to buy the stock?

Best,

L
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