Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ausdauer who wrote (11727)	6/2/2000 8:40:00 AM
From: Steve 667	Read Replies (2) \| Respond to of 60323

My God, what has he done? What has Eli done? Given what we have already known about SANDISK for some time, the probability that it will be back to it's all time high of 160 within the next 2 years is about 98%, barring a catastrophe. Had Eli kept quiet and let the stock slide further, there was very real chance that it could have made it all the way back to $8 a share given the past history of volatility. Not a great chance, but oh yes, a chance. At that point, if each of us bought $50,000 of stock at that price, when the stock eventually got back to just below it's high at $160 per share (a 20 bagger), we would each have 1 million dollars This is no joke. 2 years and 1 million dollars in one investment. But now...... ...Now....Even if you had gotten in at the recent low of 41.25, and the stock goes back to $160 per share, what do you have? ... a paltry 4 bagger for a mere $200,000. Ya sure, it's nice but it ain't no million bucks. All he had to do is keep quiet, and there was a chance. Can't get sued for keeping quiet when there is no requirement to speak. You see this is one of the very very few stocks that has a company that has solid fundamentals, disruptive technology in one tornado and entering multiple tornadoes, skyrocketing revenues, and yet has one of the most volatile stocks on any of the stock exchange. In fact, I can't think of one other stock and company that has ALL of these traits in the same magnitude. To me the volatility is one of the very best parts. What I cannot understand for the life of me, is why the people who CLAIM to be invested in a buy and hold strategy ("favorite holding period is forever") scream, cry and whine the very loudest when they think the stock gets too low! They say they want management to make statements to bolster stockholder confidence. (support the price) If they are buy and hold, then it shouldn't matter at all how low the stock gets in the interim! It is merely a better opportunity to buy more, and nothing more. The only price that matters is the price you buy and the price you sell. All the prices in between, are just idle chat at cocktail parties. Anything else is rubbish! Completely meaningless. Where is the courage of their own convictions? And some will say SNDK could never have gotten that low. If that was so, then what was all the crying about? And oh yes it could, and oh yes it has! Subject of another post. Now that someone has gotten through to Eli Harari, and he has come out and made public statements to appease the "buy and hold" investor, the stock has started moving up and so many of you are making happy faces again, and you feel oh so much better.... just looking, every day, at a number that doesn't matter until the day you sell. I hope your happy now. Personally, I would have rather had the million bucks! Sandisk.....We could have been millionaires. DISCLAIMER: P.S. Because I have noticed how sensitive everyone has become as of late, let me include this disclaimer. Statements made in this post are referring only to ideas and statements presented in other posts. Nothing in this post is to be construed as a personal attack on any other poster. We are, after all a family of sorts here. However statements made by any of us herein on this thread are fair game and may be reduced to rubble should circumstances dictate. So in lies the nature of colorful discussion. Warm fuzzies to all. Sandisk......Flash cards that remember the Love