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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: James Choi who wrote (1468)	11/11/1997 11:18:00 PM
From: James Choi	Read Replies (1) of 60323

Hedging By the way, although I like SanDisk very much, I don't like being hosed when the market sinks in unison. So, I split the fund in two, and shorted equal dollar amount of GM stock when I bought SanDisk. My reasoning is that if the market sinks together, I should be pretty evened out courtesy of General Motors. If the market goes irrationally exuberant, General Motors would keep my feelings highly rational. While I am being somewhat shielded from market swings in the manner explained above, SanDisk should take off to where it should go, and GM will finally be hit with cheap imports' furious competition to syphon desperately needed dollars into Korea and Japan. (Don't get me wrong. I only buy American cars as a policy. But other's have much more market driven spines and they affect the stock price.) Is my approach to these uncertain times sound? I want to go long on Borland but I cannot find any counterpart to short. I was considering Dell but it already fell 25% from its lofty heights and I am 25% less comfortable shorting it. I would like to find something that is over valued and that will be hit by cheap Japanese and Korean imports. Any suggestions? James Choi

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