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Technology Stocks : WDC/Sandisk Corporation
WDC 181.54+1.1%Dec 26 9:30 AM EST

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To: Hans who wrote (922)10/16/1997 12:44:00 AM
From: Louis Riley   of 60323
 
Oh, puhhleeze. I'm not stupid enough to be short (or long) a stock the eve of earnings. Every time I do that I seem to get crushed. I'm afraid you'll pay your tuition tomorrow. Sorry, I've been there.

Better read the release again. Your optimism is blinding you to the salient passages that every momentum player will be focused on tomorrow:

<< Harari also stated, ''Bookings and shipments during the third quarter were strong as our consumer electronic OEM customers are stocking for the upcoming holiday season. (MOMENTUM TRADER READS: CHANNEL IS STUFFED.)

We are expecting product revenues in the fourth quarter to be flat, (MOMENTUM TRADER READS: UH OH, NO MO!)

or possibly up slightly relative to the third quarter of 1997,albeit perhaps at slightly lower gross margins due to anticipated increased competition. (MOMENTUM TRADER ACTS: OK, SEE YA! WHACKS EVERY BID OUT THERE IF THERE IS ONE.)

The outlook for the first quarter of 1998 is uncertain due to the seasonal nature of the consumer electronics markets addressed by CompactFlash.''>>

(DOOR HAS ALREADY HIT MOMENTUM TRADER IN THE ASS.)


Hey, I didn't write this eulogy.

Good luck.
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