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

To: Binx Bolling who wrote (7241)	10/2/1999 1:15:00 AM
From: Wyätt Gwyön	Respond to of 60323

Binx, that's a Gary B. Smith article. He's not a fundamental analyst; just a TA person, charts and candlesticks. He responded to this reader question: SNDK Long-Term Not Rosy I am still a neophyte when it comes to reading charts and would appreciate your seasoned input. Based on my read of SanDisk (SNDK:Nasdaq), it has solid support around $65 on a three-month chart and is still in a good uptrend on a one-year chart. It looks like a good time to add to my position with a stop loss set at $64. What do you think? -- Steve Reader Gary's response (can't reproduce here since it's a graphic) showed the SNDK chart rising from April. He pointed out the trendline break at approx 85, saying "Steve, the question is whether that short term support is more meaningful than the long term trendline break." Then, commenting on the break support around 65 (gone today!), he said, "In general, it's always best to default to the longer term picture. And in that case, I sure wouldn't touch SNDK."