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


To: Zeev Hed who wrote (11196)5/19/2000 12:13:00 PM
From: JH  Read Replies (1) | Respond to of 60323
 
SNDK crashing... now $56-1/2. For what it's worth, that's exactly 1/3 of its intraday peak back in March.

Took out 200 DMA ($60-5/8) on decent volume.

Looks pretty ugly !



To: Zeev Hed who wrote (11196)5/19/2000 9:40:00 PM
From: The Prophet  Read Replies (1) | Respond to of 60323
 
I have learned the hard way not to fight you Zeev when it comes to technicals. However, I also know that an oversold bottom can be as hard to see without hindsight as an overbought top. Based solely on fundamental future growth, I believe that SNDK is a $200 stock. So, having liked it at 120, I have to be honest and say I like it 50% more here.

Fortunately, the good thing about real companies with real revenue streams is that sooner or later there is no disputing the earnings.

Prophet