WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.40

-0.3%

1:11 PM EST

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To: Mats Ericsson who wrote (3798)	10/9/1998 12:55:00 PM
From: Bargain Hunter	Read Replies (1) of 60323

This is panic selling by somebody who must get out and fast. To cover yen-loans, and fast. I agree with the panic selling part. But I doubt that the people with the yen loans are also players in SanDisk. More likely is that people with losses in high techs, SanDisk and others, are getting margin calls and needing to sell anything or everything to meet them. Throw in some tax loss selling and some nervous selling ahead of the earnings and it makes sense. And a lot of people are probably reluctant to buy ahead of the earnings release because they think the recent decline means someone knows there is bad news coming. But it will have to be really bad to justify these prices. I'm expecting medium bad news and at least a modest relief rally.

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