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

To: Art Bechhoefer who wrote (12855)	7/14/2000 2:57:03 AM
From: Steve 667	Read Replies (1) \| Respond to of 60323

For months I have been reading all the moanin and a groanin, whinin and a cryin on this thread because Segate was selling large blocks of its shares and this was having an overwhelming negative effect on the stock price. Let me see if I understand correctly. Between 12/31/99 and 3/31/00 SEG sold 14,400,000 shares. During that time the stock went from $48 a share to $122 per share. (Share prices are split adjusted.) Then from 3/31/00 to 6/9/00 SEG sold only 2,475,000. During that time the share price went from $122 to $73 per share. If these numbers are correct, then one can only draw one of two conclusions from this. 1. SEG needs to sell more shares (about another 14 million) to drive the price back up. And if on the other hand they only sell around 2 million (the average daily trading volume), then it will certainly drive the price down considerably. OR 2. The selling large blocks of shares really doesn't have that much of an effect on the price of the stock because large blocks are traded above the trading floor by the "big block brokers". It is set up just that way so that large block trades do no excessively move the market. And all this is much to do about nothing. Personally, I would prefer that if SEG has 5 million or so shares left, that they sell them 100 shares at a time, and drive the stock price down to $8 a share so I can by a bunch more! Steve 667