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.

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

To: Paul Senior who wrote (10608)	4/24/2000 10:37:00 AM
From: Ausdauer	Respond to of 60323

Down $10.00 at the open after a 3 day weekend to mull this investment over. I have been told that SNDK has been picked by Barron's this week and will check in near the top 100 companies featured in the cover piece. I reviewed the annual report on-line over the weekend in the dreaded .PDF format (that brings my computer to its knees) and I was very impressed. Folks, we have a rainbow of color and photographs in this year's report. It looks great. I guess Uncle Eli opened up the old pocket book and let them go wild (within reason, that is). I think the report looks fantastic and is fitting of a company poised on a major presence in the hi-tech industry. FANTASTIC FACT #1* We earned half of the EPS of 1999 in the first quarter of 2000. Ausdauer

To: Paul Senior who wrote (10608)	4/24/2000 10:06:00 PM
From: Steve 667	Read Replies (1) \| Respond to of 60323

Paul, re: Twain would be a poor source imo. Twain speculated unsuccessfully .....He died in 1910. It all depends on where you are, and where you want to go. And just as important, your ability to pick the right basket. I will tell you a true story about a friend of mine Last year sometime around April, he bought 6 call options in QCOM and a week later went on vacation for a few weeks. When he returned his options had increased in value 8 fold. He asked me what I think he should do. I said to sell half and hang on to the rest. He promptly ignored my advice and kept all of them. A few months later, he sold some, and exercised the rest. He put up a total of $56,000 (including his initial investment for the options) of his own money, and never put in another dime. He then used the margin on the stock to buy more call options, whenever the stock dipped a few points. The stock continued going up, and his call options would go up. (there is a lot of leverage, when options get into the money and the stock is going up practically everyday!) He would use his profits to buy more stock, by exercising some of options and selling the rest for profit. He kept doing this all the way through the end of December, at which time the value of his "one basket" portfolio had grown to 1.5 million dollars. (I wish I had done that, but I was diversified, but he has the million dollars!) *And he hasn't died yet.* Now his situation is different and he is diversifying. He has well over a million dollars to protect, and diversifying seems, a prudent thing to do. But you know, if he had diversified a year ago, he wouldn't have that million plus to protect, not even close! So where are you, and where do you want to go? And how good are you at picking the right basket at the right time? Steve 667 * "On the other hand, you have different fingers."