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Technology Stocks : WDC/Sandisk Corporation
WDC 155.45+3.0%Nov 25 3:59 PM EST

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To: Jerome Wittamer who wrote (3487)7/14/1998 12:17:00 PM
From: Jim Cash  Read Replies (1) of 60323
 
An excerpt from Jim Cramers column this morning. IMHO, CDN stock performed the same way SNDK did prior to the bad news. That is the only point I'm trying to make. Was our case a case of "selective dissemination" ?

"These sellers wanted to get out of Cendant with an almost desperate fervor. They did their best, knocking Cendant down to about 19 in heavy trading. Then, wham, this morning the company delivers the bad news: terrible problems with the auditing, earnings, etc. The stock breaks lower, hitting as low as 14 this morning.

Where I come from, which is these here United States, this sure looks like a case of selective dissemination. That's a felony. I am going to repeat that: selective dissemination. A felony. Did several accounts simply wake up Monday morning and receive some sort of epiphany and start selling Cendant with abandon? I can't believe that. "
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