WDC/Sandisk Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation

WDC 174.20

+1.2%

2:01 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerome Wittamer who wrote (3324)	6/19/1998 7:56:00 AM
From: Jim Cash	Read Replies (2) of 60323

Re: Jerome I think we all should understand retracement levels by now but this situation is very different. The 40 % run up was not natural, it was due to the news releases put out by SNDK on the 16th and 17th... Do you think anyone in the world is naive enough to believe that the details of yesterday's announcement were not known prior to those releases. How do you account for the 450 July 17 1/2 put contracts that traded yesterday (Nearly 40 times the open interest prior to that day)? I think the news on the 16th and 17th was a calculated move by SNDK to give certain privelaged shareholders a chance to get out while those that bought on the news get caught holding the bag. This is a classical Pump and Dump that is typical of an OTC BB stock not a respectable comapany... I held SNDK last year and got out in Oct. I bought again yesterday morning at 19 on what the company led me to believe were brighter prospects. I always take responsability for my actions but in this case, I feel I was intentionally misled by the company as to their prospects... I think an investigation is in order here and criminal charges should be filed if warranted. Certainly civil charges will be.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next