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

To: Bill Zeman who wrote (7684)	10/15/1999 1:07:00 AM
From: A.J. Mullen	Read Replies (1) \| Respond to of 60323

Bill, agree with you on conspiracy theories. It reminds me of George Orwell admitting to ascribing all sorts of conspiracy theories to his enemies, then being puzzled that he wasn't able to come up with any to serve his own purposes. The cock-up theory is usually a more parsimonious than any conspiracy. Still not totally convinced concerning phones - even if they contain a mapping device - without a map, they need very little memory. The map could be read-only.

To: Bill Zeman who wrote (7684)	10/15/1999 7:42:00 AM
From: Ausdauer	Respond to of 60323

Bill, Not to be offensive, because I have found many of your prior posts to this and other threads to be quite thoughtful, insightful and constructive. This is not vintage Bill Zeman, however... I bought some shares at $40 7/8 and sold them back at $42 1/2. I am a very conservative once in a while type of day trader. I see that the temptation to day trade is overwhelming. Earlier this year I traded some SNDK shares in my IRA and did o.k., but not nearly as well as I have done by accumulating shares at favorable prices. I have taken yesterday's fall as a opportunity to once again add to my core holdings. I bought at $40 5/8 if anybody cares. Planning to hold for the foreseeable future. Own no shares on margin. Never have and never will. Had to sell a profitable position in IDTC to cover the purchase. New motto for SanDisk and potential SanDisk shareholders... "SanDisk...See the Big Picture." Ausdauer

To: Bill Zeman who wrote (7684)	10/15/1999 7:47:00 AM
From: orkrious	Read Replies (1) \| Respond to of 60323

Bill, I also agree on the MM manipulation theories. It's possible on one dollar stocks that are VERY thinly traded with ONE or TWO market makers. However, SNDK isn't close to this category. People blame the day traders for the volatility. I don't disagree that for some internet stocks, day traders do cause a wider range of daily prices. Regardless, the day traders add liquidity. Best of all, they help narrow the spread. I have had a core position in SNDK since January that I will hold for at least a few years. As I general rule I don't like to trade SNDK since it is too thinly traded for my style of daytrading. Still, I couldn't believe how low it had gotten on Tuesday and near the close stuck out a bid at 54 1/16 on Island. Someone hit me; I bought at the low of the day. I figured I'd make money within a couple of days. I couldn't believe Wednesday, as my bids of 51 1/16 and 48 1/16 were hit. I was even more shocked as my bid of 41 early yesterday was hit harder than Andrew hit Florida several years ago. I was certainly ecstatic as we recovered. In fact, I closed out yesterday's purchase for a 10 point gain at 51. It was great volatility for a guy like me who understands the fundamentals and can hold on if he needs to. But blame the MM's? I don't think so. Yesterday's session was caused my massive selling by institutions. The volume in the first hours was absolutely incredible. It was stupid institutions selling to smart institutions and is the perfect example of why the efficient market theory is bullsht. My conclusion after all of this. 1) There is money to be made in panics of people who don't know what they are doing. 2) The idiot professionals who were selling yesterday should be fired.* FWIW Jay