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


To: Ausdauer who wrote (10096)4/4/2000 1:43:00 PM
From: Sam  Read Replies (1) | Respond to of 60323
 
Aus,
this is why you don't go on margin and why you don't take out second mortgages on your house to buy stock. Those are the people who are really hurting today. Everyone else can (in theory at least) take this in stride, ugly and disheartening though it may be. something like this was inevitable at some point. But if our analysis was correct (and I think it was), we will be back. We were overbought, yes, but not outrageously priced given the prospects for the company, unlike many other stocks. It may take some time for things to shake out, but the companies that deserved their valuations will get back there in the ripeness of time (and in Sandisk's case, I'm not talking about years and years! At least I don't think so.)

This is the Stock Market.
s.