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

To: Bruno Cipolla who wrote (6159)	6/28/1999 8:20:00 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

I hope the technical analysts are correct in suggesting a fall back to the 30's or even the 20's because I would dearly love to buy more shares at those levels. I will offer one more explanation of why the stock might fall: disinterest. Once the good news, on earnings, on new products, or whatever is out, people tend to forget and lose interest in the shares. Gradually the shares fall from this lack of enthusiasm. Then when another piece of good news hits the wires (hint, a patent infringement settlement, for example?) the shares shoot upwards once again. Even if earnings are not remarkable for this quarter, there are other potentially favorable news events that would drive up the shares. But the more people who buy for the long term, the less likely it is that the shares will drop, creating a different kind of price-volume relationship than we have seen in the past.