WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 169.27

-3.0%

11:47 AM EST

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To: Jim Cash who wrote (3325)	6/19/1998 10:23:00 AM
From: Jerome Wittamer	Read Replies (2) of 60323

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. In my message 3318 I did say that those Puts were suspicious. I am maybe a bit naive indeed. I thought that the company would maybe do this hyping for shareholders in general. You know, the stock was trading at 14.125 last Friday on June 12. Had the company preannounced at that time the stock would be at $10 or below. Sounds naive, but you know, I am here for the same purpose as everybody : learning!

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