WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 215.00

+0.5%

3:59 PM EST

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To: Michael Anthony who wrote (949)	10/16/1997 11:07:00 AM
From: Mike Winn	of 60323

I just sold some other stocks and bought more SNDK at 31 3/4. I agree with you that the news of the secondary scares people, but only initially. I was involved with another stock (MRVC) that has been trading in the high 20 for quite a while. Then in mid July, after good earnings, the stock shot to $35 and then tanked again to the mid 20s amid news of a secondary. After the secondary last month, the stock shot as high as $39. So the secondary helps. The brokerage house needs to make money on the secondary before they will promote a stock. No money, no honey.

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