SI
SI
discoversearch

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 181.08+0.8%1:20 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dave who wrote (27290)1/27/2005 6:27:36 PM
From: Art Bechhoefer  Read Replies (3) of 60323
 
Dave, I relied on company data that was available to the public prior to the earnings announcement today. Bear Stearns had other ideas, apparently based on nothing more than a hunch. They were dead wrong, but their early pronouncement had a dramatic effect on the price of SNDK shares.

Now here's my hunch: They intentionally downgraded the shares in order to get a buying opportunity for themselves and their clients. What other possible conclusion can one reach, given the timing of their announcement?

Art
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News