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Technology Stocks : WDC/Sandisk Corporation
WDC 153.96+0.7%3:59 PM EST
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To: limtex who wrote (2991)5/18/1998 3:15:00 AM
From: James Choi  Read Replies (1) of 60323
 
>Sadly for some of us hang on and you'll be able to get into
>this piece of junk near to $6 than $16. This stock has the
>stench of death about it.

From what I have seen, this kind of statement often indicates the bottom of the stock price. It looks so bleak that anyone who has any doubt are all out.

SNDK has relatively few float and it is volatile as a result. What we are seeing is the downside of the volatility. But when it goes up, it will also go up in a volatile fashion. This will shoot up when any sizable mutual fund manager see the future in digital imaging or digital voicing (MMC).

Look at many year chart of Dell for example. There were a long period that the stock actually went down. Everyone knew that the PC revolution was coming and it will be big. But people get caught up on the short term turbulence and almost forget that the river flows to the sea.

Just as CDs took over the LPs, digital imaging will take over chemical film. It is a matter of time. I am not that concerned about asia crisis or other factors because I believe 1. the market is so new that these early numbers won't mean much in the long term and 2. the explosive demand will override the currency crisis and other woes.

Just my thought. But I am not just talking. I will double my position sometime this week.

James Choi
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