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Technology Stocks : WDC/Sandisk Corporation
WDC 150.21+8.7%Oct 31 9:30 AM EDT

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To: limtex who wrote (2763)4/10/1998 3:26:00 AM
From: James Choi  Read Replies (2) of 60323
 
This drifting down on no news reminds me of the end of last year. SNDK was going lower and lower on no news. Many of us were frantically trying to find out more about news, insider selling, short selling, etc. yet came up with nothing concrete. We just could not figure out why it should go down like that. And then it came back up. Those were truly blood-drying days.

Since then, I learned to see those days as bargain hunting days. If I have any capital left to invest, that is. It seems to me that we are experiencing that drifting down on no news once again. It looks like the downward movement stopped today. Maybe all unconvinced people are out by now. I just don't see how this is going to be a such a bad quarter.

I see first hand that the quality of digital photographs are improving dramatically. For the first time I began to think that digital photography may replace film, similar to the way CD replaced LP. I did not think it was possible (I am a hardcore old fashioned photographer) but now I can see that the day is coming. When the war on digital cameras break out and all these Nikon, Canon and other camera powerhouses start shooting at each other, you know who will be selling bullets to this bloody war. Do not invest in the outcome of the war. That's gambling. Invest in the bullet supplier to the war. That's an investment.

But it would have been nicer if the price moved higher, now that I swept in the last penny I have on this stock.

James Choi
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