WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

3:59 PM EST

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To: Craig Freeman who wrote (4622)	1/31/1999 8:22:00 AM
From: TimC	Read Replies (1) of 60323

To Thread, A broker friend from AG Edwards advised us to sell SanDisk at $29. He mentioned that when the stock was between $20-22, & again at $24, significant blocks were purchased by institutions. He advised that these buyers often set a "limit sell" on stock, such as SanDisk, and he feels it may be $30. This means that if the stock hits $30 there may be a sizeable sell off. Keep in mind that this is only his opinion and if he were always right he would own the company not work for it. IMHO, I do feel the stock shot up too quickly and is due for an adjustment. Unless SanDisk comes out with some significant news soon, we could very well see this downturn within a week or two. Short term I feel SanDisk will pull back to the low $20s, establish a base, and take off again just prior to 1st quarter earnings. This time it will approach $40. Long term I feel there is no limit to this stock's potential. I've been into this stock for two years now. I've seen it rise to $40 and down to $5.I think the company is FIRST RATE and intend to follow it for a long time to come. Tim (28 7/8)

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