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

To: Ausdauer who wrote (11360)	5/22/2000 7:46:00 PM
From: TREND1	Read Replies (2) \| Respond to of 60323

aus (said no more postings today), but will make exception for you. (1) Zeev and I read "The Journal of Finance",etc,where Fisher,etc write about market portfolio theory which requires a stat back ground to under stand. Meaning you have to be at home with probability distribution functions,etc. (2) Basicly there are two main risks when you invest in the stock market. (3) First, Stock risk, which relates to all the good and bad things that can happen to SNDK. (4) Second, "market risk" which relates to what the entire market is going or a group within that market. (5) SMH is made up of 20 "pure chip stocks". These 20 stocks act like a school of fish, meaning that there movements are related to each other. (6) This morning SNDK went down, simply because all the other 19 chip stocks were going down. (7) Hal is like a "probability shark". And this morning Hal noticed that a fish named "SNDK" had gone deeper then the other 19 fish in the school. (8) So SNDK became a "BUY" at 51 5/16 or below. (9) Hal even bought more at 49 today. (10) So now what happens ? (11) Simply, Hal will continue to calculate probabilities every day and will sell "SNDK" when the school of fish turn upward. (12) For 5/23/2000 Hal indicates a sell for SNDK at 68 3/8. (13) Please note carefully that Hal is not predicting what the market nor SNDK will do on 5/23/2000. Only "God and fools" know what the market will do tomorrow. Larry Dudash PS: That is probability TA.