WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 150.92

+8.5%

3:59 PM EST

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To: sylvester80 who wrote (39122)	3/26/2008 3:07:38 PM
From: im a survivor	Read Replies (1) of 60323

LOL....Your gonna piss some people off by bitching about a $23 Avg. Cost basis ;>) I assume many have a much higher cost basis. I do!! But, when the knife is falling, writing CC's is easy money. I have lowered my cost basis by writing CC's...collect the premium and stock is never called away. I plan to aquire more sndk...the lower the better. Will sell some puts, collect more premium and hopefully aquire more sndk at lower levels. I'll continue to take in the premiums until I am 'put' the amount of shares I wish to add...... Very ugly market right now. Could be for awhile......But, I do think SNDK is quality and I do not mind buying quality when it is on sale. IMO, if/when the market ever recovers (hell, maybe the market/economy will stay in a funk until long after I am dead...)...IF it does in my lifetime(I sure hope it does) then sndk should be just fine and see previous highs or higher. They have their feet in just the right places IMO. I also believe 2 other factors will help. At some point the shorts will cover and that point might not be that far away. The more it drops, the more shorts will cover as the bulk of the shorting gains have already been had and I dont think many will want to be short sndk at say $10 or $12. Next, below $20 and certainly if it hits $10, I think the big boys will be all over sndk. They load the boat bigtime at those levels IMO.

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