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

To: Bill Zeman who wrote (6410)	7/16/1999 11:37:00 PM
From: JJB	Respond to of 60323

To Bill & all: Well currently out of my all time favorite stock Sandisk. One of the reasons this stock held appeal was the fact that (correct me if I'm wrong) 50%+/- is held by insiders another 23% +/- is held by Seagate. That is a condition for a bear trap (AKA short squeeze). That could be part of the reason for the recent runup (comments?). Speaking of SEG they gapped down significantly today in lower earnings. I don't know if this is a good opportunity to buy SNDK shares on sale by buying into SEG. They may also be looking to book a profit by selling (overhang) SNDK shares as their business of spinning glass disks may be in decline. As someone who aquired through single digits I don't want to be too much of a downer, but current pricing deserves as much discussion as single digits did. Congrats to all SNDK longs jjb