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

To: Ausdauer who wrote (10913)	5/9/2000 7:28:00 PM
From: Zeev Hed	Respond to of 60323

Aus, well, this month there are about 2 billion shares coming off "lockups", a lot of money is going to go to buy these shares from their current holders. Those selling these shares may put a portion back in the market, but a lot will go into other investments, IMHO. That is just one "liquidity sink". There are few others, but luckily, I see an end to that period and see new liquidity flooding the markets, unless the Fed's starts and clamp down on liquidity. Zeev

To: Ausdauer who wrote (10913)	5/9/2000 7:33:00 PM
From: SBHX	Respond to of 60323

Aus, My cash is waiting for a good entry for SNDK, I had my ridiculuously low bid at 70, didn't get it, and may regret it if it takes off again. But all the stocks I have in my 'radar' are red, I even got a couple of fills I did NOT expect to get today. Unlike Zeev, I can only spend 3 times a day trading stocks, so my chance of timing them is not high. If I were to get SNDK @75 today (a steal by my old yardstick, I remember trading at 134 buy, 145 sell), I might be in trouble if it breached $70, since that is the nightmare scenario, that I assume Zeev is alluding to. I keep revising my definition of 'ridiculuously low bargains' everyday, since I am now getting more fills than I liked. Since I'm not that good at this day trading thing, I should just stay out as much as possible until things stabilize, or the bottom of the bear market is reached as defined by the gurus of SI MDD.

To: Ausdauer who wrote (10913)	5/9/2000 7:34:00 PM
From: SBHX	Respond to of 60323

IGNORE. DOUBLEPOST BUG. EOM.

To: Ausdauer who wrote (10913)	5/9/2000 7:59:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 60323

Ausdauer said: >>...did everyone stop contributing to their IRA's all of a sudden? I thought unemployment was at an all-time low?!? Where is all the cash sitting on the sidelines going, to bonds?<<<< This goes back to what I've been saying. People are not contributing to their IRA's right now. They are trying to cover their Margin positions in their regular accounts. This is where the individual money is going, IMO. The overall Market was severly overextended and way out on Margin a few short months ago. The overal Market is now paying for that credit overextension and "paying the bills" by paying down the debt. -at least, that is what I hope is gong on. It may take a still a couple of months more time for many individual investors to be raise enough capital to fully pay down their Margins and have extra cash to throw into the Market (of course by then, Institutions will have most likely established big positions and driven up overall stock prices by some degree first) I hate to be a downer on the board, but my current pessimism is real because of the realization that many short-selling hedge funds were exactly right a few months ago when they were getting murdered by runaway stock valuations. They were saying that margin debt was completely out of line, and valuations were insane. I'm on board this train of thought now and still think valuations are too high for a lot of stocks. Unfortunately, good companies like Sandisk get taken down in the irrational fray as well.