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

To: Greg h2o who wrote (11357)	5/22/2000 6:46:00 PM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

I'd like to point out that the same opportunities exist when the stock price is grossly overvalued, as well.... then, the investor can sell. Sure, the optimal holding period is "forever", but let's be honest about this market. When a stock can have the swings we've seen in SNDK, it's prudent to keep an eye on it and not just "forget about it". Greg, Thanks for sharing your views here. I think they are valuable. I think that there are people here with fundamentally different investment styles. I have learned (this week) that it doesn't really pay to argue about what is right or wrong. I find myself in Art's camp and the B&H strategy has worked out well for us even as we sit with the stock price at today's close. Even today SanDisk is 20 times what I paid for it in October of 1998 at its trough. In retrospect I would have loved to dump SNDK in the mid-$100's, but I held instead. Then I added on at what I considered a bargain price (that no longer looks like much of a bargain). Either way, I am terrible at defining the peaks and troughs. It is something I don't personally dabble in. I hope, as I have already expressed with Zeev and Larry, that you stick with The Thread and help us make informed decisions about lightening or adding to positions at the extremes of valuation. I think we are at a juncture of time that highlights the dangers of high tech investing. I will continue to make my optimistic contributions to here because I still believe that company fundamentals ultimately determine the course a given company will follow. The information needed to make this assessment is easily obtained and digested. The only ingredients that one needs to add to the mix are patience and conviction. Ausdauer "My favorite holding period is still forever, but I am willing to compromise if we ever make it back to $169 3/4."