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

To: TREND1 who wrote (11676)	6/1/2000 12:32:00 PM
From: Nikos Tsivranidis	Read Replies (1) \| Respond to of 60323

> PS: Hal no longer has a reasonable buy price. It may > be weeks before Hal buy's again Hal must not like stocks that go up...

To: TREND1 who wrote (11676)	6/1/2000 5:34:00 PM
From: Tumbleweed	Respond to of 60323

After being in the market for 31 years, I have found there are two ways to invest: (1) Fundamentals (2) TA (1)A fundamentalist is a person who studies every thing non TA about a stock and makes a buy or sell. A fundamentalist really has to have a very big EGO. Why ? Because he thinks he can "out think" the MER's and Fund managers of the world. He thinks without even talking to the company CEO's like Mer's and Fund managers do, he can figure out BETTER then them what SNDK will do in the future. I agree with your supposition above EXCEPT for the bit about the big ego. I havent been investing for 31 years, only about 10, and the biggest thing I've learned is that the so-called professionals, especially the analysts, often know a lot less about a subject than you might think. Frighteningly less. We've often seen that here, with analysts pontificating about flash memory in reports and respected newspapers yet completely missing out Sandisk for example, or in one case, stating that CF cards are a replacement for floppy discs. No really.. And we on this thread caught the importance of MP3 before the analysts did (hell, probably before they even knew what MP3 was). Another example, a large article in Red Herring a few months ago I read, it sounded extremely plausible as to why a particular stock would not do well. Unfortunately the entire basic premise of the article was wrong, which completely invalidated the article's conclusions. How did I know that? well I work for the company the article was about. And dont get me wrong, this was a plain fact that was wrong, not a matter of opinion.Even one of our competitors would have agreed teh article was wrong. BUt this person was an analyst for one of the majors as far as I recall. Then there was the analyst who recommended shorting Sandisk, I think at 80 presplit about 5 or 6 months ago. So, in order to think that I can do better than analysts, I conclude that a small ego is perfectly sufficient. Can I do better than fund managers? Well, who ever was selling for Seagate at 41, 45, 50 etc looks pretty stupid today. (Of course, someone else was buying, and they look clever. I wonder if that was another fund manager, a TA or a fundamentalist?!) Cheers Joe