WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 174.98

+5.2%

3:59 PM EST

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To: Jim Cash who wrote (3348)	6/20/1998 5:20:00 AM
From: limtex	Read Replies (1) of 60323

Jim - This thing looks more and more fishy. The stock should have dropeed below $10 but it didn't. EPS are now estimated by analysts at 46c per share and according to the company they have few orders , no growth in units or revenues or royalites and can'y see anythying much into Q3 the whole of which is a matter of approx. 3 months from now. Possibly the shorts were covering. That might have explained it but there may be something else. I wouldn't put anything past these guys. Maybe theya are quite happy to see the stock price this low because althought the announcement is accurate something else big is about to happen which they have wind of. Just guessing what that could be a takeover, a huge product announcement .....something like that. This NASDAQ is the rule of the jungle. That purchase of 30,000 shares by the new board member is what is very curious. He must have known all the stuff in the announcement but he stillo bought!!! This is not an encouragement post by any means. I think that they might have really wrong footed everyone to shake us out ( me included) as low as they could so that they could get back in cheap ready for some big move. After what I saw this week...... . After an annoucement like that in a market like this SNDK should be in single figures. We''' see on Monday what happens prsumably the option effect and short covering was all over today. The events of this week really need the SEC to look at them and there is a law firm in Washington that specialises in this sort of stuff called Finkelstein and something. Anyone know the name? Regards, L

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