WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.00

-0.4%

Nov 7 9:30 AM EST

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To: SiliconAlley who wrote (59936)	2/23/2016 4:16:52 PM
From: Art Bechhoefer	Read Replies (2) of 60323

SNDK trading volume today was about 2.5 m. Average volume is around 9 or 10 m shares. SNDK has over 200 m shares outstanding. If WDC wants to buy some shares below $67.50, they won't get a very large amount, unless of course, the whole market collapses, which is unlikely. On the other hand, arbitragers may very well buy shares or options at these prices because the likelihood of SNDK rising at least into the low $70s is quite good – on improved earnings alone. In any event, I don't see much downside risk at the current price near $66. Art

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