WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 181.08

+3.5%

Dec 19 9:30 AM EST

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To: Sam who wrote (4337)	1/17/1999 10:21:00 AM
From: Ausdauer	Read Replies (1) of 60323

Sam, It may be the reverse of what happened this Fall. The market cap recently reached a point where funds could invest (say a magical $500 million market cap) and the stock took off. I remember when the cap got down to below book value (under $150 million) and over 4.5 million shares were dumped in one day. The stock also has a very small float that keeps getting churned and churned. People getting in, making money, getting out, getting back in, etc... The investors with patience and faith in the long term prospects of SNDK are the ones who will reap the full benefit. Some have stated that it is unusual for some investment houses to make upgrades just two weeks before earnings. That is to say, they usually buy in anticipation of earnings, verify that earnings are met or exceeded, then follow with a recommendation (after securing their positions). Is it unusual for houses such as Merrill Lynch to upgrade so prematurely? Ausdauer (23 5/8)

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