WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 156.38

-0.5%

10:31 AM EST

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To: Don Hess who wrote (4626)	2/1/1999 12:03:00 AM
From: Stephen Denaro	Read Replies (1) of 60323

Don, I agree with you, I've been lurking here and on Yahoo board for past 18 months. With recent run-up I thought it prudent to take 25% off the table (like most of those that averaged down to the low teens). But looking at how well the SNDK has held up, in light of so many of the primary sellers cutting their holdings (as Craig referenced) only reinforces that new money and institutional accumulations are in play. Unlike, an earlier post suggested, I don't believe their investment strategy is to exit quickly making a quick buck at 30 (especially in light of the small float). No it is more likely that 30 is a psychological barrier (due to the pricing of the secondary). IMHO as others have already stated this will fall on any good news, my guess we will see mid 30s-40s in 30 days time and probably 60s by the end of the year. What I would really like to see and this may be premature at this juncture is some discussions on splitting the stock, Aus? This would go a long way to temper the volatility in the stock price. Thoughts anyone? SNDK long THEBOLT

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