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Technology Stocks : WDC/Sandisk Corporation
WDC 212.19+5.9%Jan 12 3:59 PM EST
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To: Louis Riley who wrote (960)10/17/1997 6:12:00 AM
From: OrionX   of 60323
 
Louis,

I don't know how much you know about Sandisk, so I won't make any assumptions.

IMHO,

1. The stock was way over sold. If you don't agree with that, fine just keep shorting it.

2. Historically, the ceo has put a damper everytime there was some good or bad news. Look back at many of his comments over the last 18 months. IMO, this guy is perhaps very good technically but is not a politician when it come to making comments to support the stock and its shareholders.

3. And, no I don't have any rose colored glasses and don't need them. If you look back at some of my comments you would see that I said the stock price was far too ahead of the earnings increase of which there will be in the next qtrs. If you don't believe Sandisk's huge potential market then you don't understand the products.

4. >>>BTW, you don't have to be a rocket scientist to figure out how to read previous posts by a poster. If you had you'd know I am not a "pure shorter.

Well, you certainly gave that air of a "shorter" by just piling on the fatalistic view of the stock while other people are loosing their money. Do you get a kick out of that? In the end, everyone is here to make money and take their own risks but stop piling your shorting euphoria so high.

5. Being long on a stock doesn't mean that you lose money whenever it drops. Shorters' timetables tend to be very short compared to longs and that is a defining character IMHO. I do believe that Thurday's tumble was going to happen just not now when the earnings were very good. Again, the ceo strikes again.

Good luck to all.
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