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

To: drew_m who wrote (11544)	5/26/2000 4:40:00 PM
From: Starlight	Respond to of 60323

Drew & all - FWIW, I was at an AAII (Amer. Association of Individual Investors) meeting last night, and our speaker asked how many people were buying stocks right now. One or two people - out of 62 - raised their hands. No one wants to buy stocks right now because the future for the market is too uncertain until interest rates stop rising. Add that to this being a holiday weekend and the start of summer when people are going away on trips, and you have a very, very slow market - lowest volume of the year today. Maybe things will perk up a little after the holiday, but I can see this market drifting along most of the summer - UNLESS rates stop rising because there are definite signs of a slow-down in the economy. Besides, everyone on Wall Street has taken big profits this year and they're all spending the summer in the South of France . . . so wait till after Labor Day. Betty

To: drew_m who wrote (11544)	5/26/2000 5:54:00 PM
From: david barr	Read Replies (2) \| Respond to of 60323

Hope all you neighbors to the south have a great weekend. I guess I am a rare breed because I purchased shares of SNDK this week and feel great that it was a bargain. In fact, I doubled my position at 43. I have put my buy orders in this time in the low 30's again doubling the number of shares that I own. Although I am a small investor and have only been investing in stocks for 5 years this present scenario just seems all too familiar. Stocks go down and everyone seems to change their vision. Now we are looking to the future as being much lower. The informal survey which Elizabeth noted (only 2 buying out of 60) is confirmation in my mind that we are nearing a bottom. In fact it is music to my ears. I will continue to have faith that: - we are not in the same financial situation as 1929 (individual investors could margin 10:1 in those days) - there is a lot of money in cash - money coming into the market from baby boomers will not peak until ~2015 - SanDisk is at the beginning of multiple tornado markets - SanDisk has a significant patent portfolio allowing them to potentially become a gorilla I am not a sophisticated investor and don't feel that I should try to time the perfect entry price. Therefore, I will continue to buy as it goes down. My time horizon will allow me the luxury to wait this out. My apologies for not adding to the information base on SNDK. However, I thought some people might want to know what some individual SNDK investors were doing in this downturn. Dave