Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (11909)	4/10/2000 9:25:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

TA on Sandisk (SNDK): recovering from 50% whacking just one month ago, this little dynamo was around 160 then it did a double double correction all the way down to 70 when the weak retest failed at 140 in midMarch, the telltale sign again was much reduced relative strength the first bounce after coming down from 160 was off the 18day Moving Avg the second bounce after coming down from 140 was off the 50day MA at 90-100 in all, about 5/8 of the rise from stable February 75 level to the peak was retraced relative strength did not go below midrange 50 levels until the scarey week last week now RSI is about at the midrange 50 level again money flow has improved somewhat in the last week daily stochastix is definitely on the upswing, which looks as though it will usher continued gains this week on last week's rebound, SNDK bounced off the 50MA at 100 it now sits right on the 50MA at 115 some resistance awaits at 120-125 you gotta expect some who bought there will bail out there, after this scarey ride south, exiting even that exit speaks to the essence of technical analcysts the central question is whether we have a symmetric V-shaped reversal, or a technical reflex bounce followed by consolidation my guess is that shorterm, a V-shaped governs my guess is that nearterm the latter, with consolidation in the 110-130 range when earnings are out and announced, the news vacuum in May will not spur moves to old highs, but rather will usher in consolidating efforts this consolidation will be evident thruout Naz tech stocks now the MA's are all bunched at 100-115 expect support at 110 for the next few weeks just an opinion of an idle mathgeek / Jim Willie

To: r.edwards who wrote (11909)	4/10/2000 9:53:00 AM
From: lindelgs	Read Replies (1) \| Respond to of 35685

Hi R.edwards, latest money magazine (page 84) on Sandisk... STOCKS TO WATCH IN THE POST-PC ERA THESE COMPANIES WILL BENEFIT FROM THE RISE OF INTERNET COMPUTING WINNERS TO BUY NOW... Sandisk, Smartdisk These are the raciest picks of the bunch - smaller but faster growing business with the opportunity for big upside moves as well as the peril of a painful collapse if they falter. We started by looking at memory makers that would benefit from the boom in Internet appliances. The big opportunity: makers of flash memory. In a Web-browsing device, flash memory taks the place of the disk drive, essentially letting you read, write and store data on a rugged, low-powered component the size of a stamp. And unlike other forms of memory, such as DRAM or SRAM, data aren't erased when the machine is turned off. The market leader in flash memory, with a third of the market's share, according to IDC: SANDISK. The company is expected to pull in $500 million in sales (twice 1999's $247 million) & earn 80 cents a share this year, an 84% jump in earnings from 1999. The only problem: Sandisk is hardly a secret. Although it is exptected to grow earnings at a 30% annual clip over the next few years, its shares currently trade for an astronomical 181 times expected earnings and 16 times sales. Clearly, not one for the faint of heart. Nonetheless, Jeff Wrona, management of the PBHG Tech fund calls Sandisk one of his favorites. Side Note: Looks like share price was $145.00 at time of article.