WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.56

+0.7%

Dec 24 12:59 PM EST

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To: ED PLOPA who wrote (1037)	10/22/1997 5:01:00 AM
From: Mike Winn	Read Replies (1) of 60323

Ed, just one more thing I forgot to comment. I agree with you that the market is all what it counts. If the market thinks this company won't grow, the stock goes down, no matter what you and I think. But I have no chance to react to the market. I woke up last Thursday morning and the stock was already down 7 points thanks to the statement of the naive CEO (how does this sound to you???). By then it's too late to sell as I was not sure which direction the stock will go from there. I read the following from the posts on other threads from people who have level I or II screen (???) to watch the MMs action. I don't know how true it is but people said when a stock tanks, the MMs themselves compound to the downfall by shorting the stock causing it to go down further. Then when the stock hits bottom, the MMs cover the short position and go long, therefore causing the stock to go up. The MMs make money both ways. In England, a security law just got passed to get rid of the MMs and instead, a computer will match sell/buy orders from individual investors. We need to get rid of the middle man in this country too.

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