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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (6155)	6/27/1999 7:29:00 PM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Limtex, re: "So why didn't all those with the 'wisdom" to predict a decent to $30 also have the same wisdom to predict for all of us the rise to $44?" Predicting the upside swings is something I leave to Ausdauer :-) In any case, I didn't "predict" a fall to $30, I merely noted that this was the next support level if a new one doesn't form soon. If SNDK breaks $30, then $20 is next :-( Here's hoping for a bounce on Monday to make whole issue mute. Craig

To: limtex who wrote (6155)	6/28/1999 8:12:00 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Someone recently put up a Marketwatch site that monitors institutional holdings. The increase in those holdings for SNDK may explain why the stock can easily go up to 44. There are now more shares held by institutions, presumably with long term goals, and consequently fewer shares out there available for others to buy. Any sudden buying interest, particularly on a day when overall trading activitity is somewhat subdued, can immediately cause a rise in the asking price, just as any protracted selling will do the opposite. But the bias is toward the upside, now that institutional holdings are increasing.