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

To: Ausdauer who wrote (7672)	10/14/1999 6:14:00 PM
From: Starlight	Read Replies (1) \| Respond to of 60323

Gee, Ausdauer, maybe if you learned to express your feelings and vent now and then, you wouldn't be so exasperated.<g> Just so you know -- I'm NOT a trader. I've held some of my SNDK shares for well over a year, and I intend to keep them a while longer. I couldn't resist the option play on a part of my holdings today, though. Betty

To: Ausdauer who wrote (7672)	10/14/1999 6:58:00 PM
From: nealm	Read Replies (1) \| Respond to of 60323

Ausdauer, Sometimes, you have grit your teeth and try to be strong enough to outlast the manipulators, MMs, and bogus news stories(i.e the "market"). That's why I rarely go into margin, nobody can force my hand. I've been trading SNDK and FLSH lately and like the prospects for both companies. You don't need to be a genius to see that Flash memory will be a big part of the future. SNDK has already done well and I believe will continue to do so. Good luck... Neal

To: Ausdauer who wrote (7672)	10/15/1999 7:07:00 AM
From: AnnaInVA	Read Replies (2) \| Respond to of 60323

I was wrong, Ausdauer, I am now changing your nick to KEINE Ausdauer !!! sheesh ....... For those of you who do not know what Ausdauer means in German: "Staying Power"

To: Ausdauer who wrote (7672)	10/15/1999 9:00:00 AM
From: Art Bechhoefer	Respond to of 60323

In theory, the buying and selling of stock is an n-person zero sum game, where, with the exception of random events, the winners generally have better information than the losers. Because of the transaction costs and because of the TIME it takes for the average person to become well informed, a long term strategy will generally produce better results than short term. Short term traders often know nothing about the intrinsic value of the company, its fundamental strengths or weaknesses. Instead, they rely on trend analysis, using generally accepted rules of thumb as indicators the stock is going up or down. Because trend analysis assumes that a stock price will occur historical patterns, it can't really predict very far into the future (generally less than a week). An investor with a long term horizon can still take advantage of short term fluctuations. For example, if a stock rises so high and so fast that its price appears unjustified by the fundamentals, the investor might want to lock in profits by selling covered calls. If a price dips so low that it appears ridiculous in light of strong company fundamentals, as was the case with SNDK this week, then the long term investor might want to add stock, sell put options with an expiration date of at least three months (to take advantage of the premium), or buy call options for the current or immediately succeeding month. Thus, someone who bought a call on Thursday morning, when the stock price was around 43, with an expiration date for today and a striking price of 45 or even 50, had a better than average chance of ending up on the winning side of the n-person game. But today, because of worrisome producer price data and another idiotic speech of Greenspan last night (neither events are random, unfortunately), the whole market could go down. Art