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To: FR1 who wrote (7036)	9/23/1999 5:44:00 PM
From: orkrious	Respond to of 60323

Thanks Franz!!!! Although I am long in the 20's, for the first time ever I bought some today as a daytrade (or short-term trade if it blew through my purchase price). I'm in at 70 today and sitting here wondering how big a mistake I made. If they do come through with that press release, it will calm a lot of jittery nerves, including mine <VBG>. Jay

To: FR1 who wrote (7036)	9/23/1999 5:58:00 PM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 60323

The info from the YAHOO board is consistent with earlier comments cited by Ausdauer. In my experience, the markets generally overreact to natural catastrophes, such as earthquakes, hurricanes, and floods. Toward the end of today's trading, I bought SNDK call options with October expiration and a striking price of 70. The cost was approx. $5 per share. Normally I invest only for the long term, but the price near the close seemed far too low. Even if you think a price of 90 is too high, and maybe 80 is where the stock should settle until we see the next earnings statement, we are now almost 20 percent below that conservative norm. That would indicate anticpated earnings of about five to ten percent above those for the preceding quarter, and correspondingly reduced sales growth. What we've been hearing suggests that sales will double at the very least. This just seems to me like one of those rare buying opportunities that occur unexpectedly in response to a disaster. Even assuming that production is disrupted for a week, the loss would be hardly noticeable. Assuming that there were extended damages preventing production from resuming, the wholesale prices of CF would go up, allowing the manufacturers to recover at least partially. Finally, because SNDK gets royalties on so many CF and related products, even a total stop in production won't stop royalties coming from other manufacturers. Note, however, that part of the drop must be attributed to the whole market selloff toward the end of the day. That is a different question altogether, and it suggests that full recovery, even if SNDK had little damage, is going to be more difficult. Art Bechhoefer

To: FR1 who wrote (7036)	9/23/1999 11:06:00 PM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Franz, RE: Investor Relations I feel sorry for Sharon Spehar. I am sure she had a lot of irate shareholders barking in her ear today. I met her at the Shareholders' Annual Meeting this Spring and she just doesn't deserve that kind of treatment. There were several press releases updating the situation in Taiwan. Perhaps management didn't feel any further comments were necessary. But with the secondary coming up it would have been nice to have a little update originating from the company, even if it just paraphrased the other releases. Either way, I think the uncertainty of the situation was enough to send some people for the exits. The total share volume also suggests that some institutional support has left. I guess I am surprised because I thought that these would be long-term shareholders. In any case, nothing can compare at all to last Fall. I kind of feel that whatever doesn't kill me just makes me stronger. I survived the downward spiral to single digits and I am prepared for whatever the market will dish out. Pain is temporary, right? Still unflaggingly long. Ausdauer