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

To: orkrious who wrote (11500)	5/25/2000 11:59:00 PM
From: Struggling Investor	Read Replies (1) \| Respond to of 60323

Hi, guys - I'm a newbie here, but I'm long SNDK and foolishly (in retrospect) began increasing my position when I learned of SEG's wholesale dumping. However, I no longer believe that the decline in market value is the result of SEG's sales (volume is way too high - strongly suspect that SEG has finished selling; they are in the final stages of the VRTS deal, and I think the #'s are in place, but could be mistaken.) The SEG sales could have magnified the decline, which has been very severe even in comparison to recent NAZ carnage. In other words, SEG sales could have broken the technicals, and that is what I believed about 6 weeks ago. Now, I'm not so sure. It really seems to me that someone decidedly thinks they know more that we; I'm suspicious that it relates to political uncertainties in Taiwan but frightened that it may be something more specific and fundamental; who knows??? I believe in the company's prospects (obviously) and was heartened to note that 4 funds highlighted in IBD last Friday were accumulating (although, obviously some others were selling.) It's a real mystery, and a large piece of the puzzle seems to be missing. I know the stock is still expensive, even at these levels, but the prospects seem so promising - there's something I'm not seeing, unless the market is totally irrational (unlikely, but possible I suppose.)

To: orkrious who wrote (11500)	5/26/2000 11:22:00 AM
From: Bargain Hunter	Read Replies (1) \| Respond to of 60323

Steve said: "The price of a stock is only determined by what someone is willing to pay for it and nothing else." Jay said: "A more precise definition is the present value of the future cash flows of the company." Steve is defining price while Jay is defining value. In an efficient market they would always be identical. Anyone who has difficulty understanding the current price of a security based on calculated value is either miscalculating the value or is mistakenly assuming that the security markets are efficient. [Aus, are you listening?] The best time to buy or sell is when market inefficiencies under- or over-price securities. But, as I said before, it is only with hindsight that these opportunities can be identified clearly.