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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 (1067)10/23/1997 12:08:00 AM
From: Esa  Read Replies (1) of 60323
 
Average daily volume for SNDK has been 500 000 shares. Lets look what happened during last week:
Oct 13 373k
14 -414k
15 -505k
16 -5169k
17 -1685k
20 -597k
21 -732k
22 -484k

If the float is 5800k it looks like during Oct 16/17 almost 6900k shares were traded which is 120% of the float. (Since most of us did not trade the % is actually even higher). So who was trading and how?
Why were the same stocks sold over and over? Or who was shorting? Are insiders allowed to lend their stocks for shorters?

Esa
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