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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 9:30 AM EST

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To: Robert G Allen who wrote (1174)10/30/1997 6:00:00 PM
From: Mike Winn  Read Replies (1) of 60323
 
Well, it's just like Sandisk announced that they may announce at the next earnings report that the earnings is flat. Everytime you put a date in a news, you are inviting people to sell because in people's mind, they can sell now and buy back just one day before the announcement. I see it happen so often with biotech stocks when you know approximately the time frame when the FDA will approve a drug and in the mean time, the stock is sold out. Then the stock goes up a few weeks before the FDA may give the approval.
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