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

To: Ausdauer who wrote (10064)	4/3/2000 10:37:00 PM
From: SBHX	Read Replies (2) \| Respond to of 60323

Aus, Let's face it, sndk is a very very strong company, but it has been way overbought for a while. At some point, it will settle to a fair value, which is a good thing, since it will then continue to grow. This nasdaq correction, while painful to one caught unaware is still healthy int he long term, when carnage is over, companies with strong business and revenue and earnings growth will have room to grow. Despite the excitement of stocks that go up by 500% or 1000% a yr, I don't think that it is healthy to be a long term investor in such an envronment. SNDK is one of my favourite long term hold, but I really couldn't believe that a 100% rise 2wks after the split made any sense, and just sold all I had left (< 1/3 my peak). Fact is, if a stock goes up too fast, I'll have to take profits (even if it is a core holding like sndk), by any yardstick, doubling in 2 wks is too fast. Blood on the streets, SbH patiently waits to go bargain hunting again... Soon. Is it light at the end of a tunnel, or an onrushing train? I saw your pictures in photopoint, did you take some profits from sndk to buy that island or a only a chunk of it? :)