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

To: Tumbleweed who wrote (8933)	1/27/2000 5:26:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 60323

>>I wouldnt be surprised to see some profit taking. My guess is will fall back to 120* or so over the next few days or weeks then start on up again. Some profit taking is inevitable with such a rise<< That is a very sensible comment, and is similar to something I said about QCOM after one of its amazing jumps late last year - rising from perhaps $180 to $230 or something like that. Turned out, I was wrong. After its first huge jump it made another and another, streaking - as we all know - past $700 before splitting 4:1 and finally suffering a significant correction. Not to say that SNDK will follow the same pattern, but I would not be surprised to see it continue to move up from here. A $43, 45% jump draws a lot of attention, and many who are not in will want to get in for fear of missing "another one". Also, most tech stocks traded down today so that makes SNDK stand out even more. I exercised some Jan. options last week by phone with a broker from Dreyfus. When I said SanDisk at first he didn't recognize the name, than after a few moments he said - oh yes, I've heard of them, but not in a long time - didn't know they were still around. That's just one person, but perhaps it gives some indication that SNDK is not as well known as we might expect. That can be another plus. Anyway, as someone who owned shares in SNDK before the earthquake, and who averaged down (painfully) after the quake, today sure was sweet. Congats to all longs who stuck to their guns and are now prospering. StockHawk PS: Art nice post on the market's rection to earnings from QCOM and SNDK