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Technology Stocks : WDC/Sandisk Corporation
WDC 139.09-0.8%Nov 21 9:30 AM EST
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To: sylvester80 who wrote (39120)3/26/2008 10:58:48 AM
From: im a survivor  Read Replies (1) of 60323
 
You call it the biggest disappointment ever.....

So, I assume you are long with a much higher cost basis, correct?

If you liked it at $70 $50, $30.....you would not like it at $10 - $20?

My only advice is very simple. If you do not think SNDK will ever rise again, then it would seem like common sense to sell and take your losses and move on. If you do think SNDK will survive and do well, then I have to assume the PPS will one day rise ( assuming they survive and prosper which I think they will) and buying in the $10 - $20 range may look like a very wise decision years from now. Or it could be even a bigger disappointement if you sell for a large loss in the $10 - $20 range instead of buying and IF it rises back to old highs.

This happens all the time in equities. People freak after steep falls and sell.....when most know the time to buy is when quality gets cheap. Then after selling for a large loss and not adding or buying at or near the lows, people then get pissed when the stock rises and they are not in it due to selling near the lows.

I cant predict what sndk will do, but I think it will survive and prosper and if that is the case then I must assume we will see old highs again. If we do see old highs again, then shares bought at any price below that will provide very nice gains.
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