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

To: Steve 667 who wrote (12963)	7/17/2000 5:15:43 AM
From: Sam	Read Replies (1) \| Respond to of 60323

Steve, I think it is more of a question for big institutional and fund investors than it is for the people who post on this thread. They don't want to go building a position of tens of thousands shares, only to have the price plummet by 20 or 30 dollars because of a big seller. Was it in Barrons that we read of a fund manager who starting building a position in Sandisk last year who said he "cleared out" a big seller in Q4, after he had done research on the stock to find out why it had declined so precipitously? I think a somewhat better test of theory will come over the next few weeks. I think that there is a good chance that the stock price may zoom upwards (presuming that Mr. Market permits) after the CC, and perhaps leading up to it in anticipation, if the results and forward guidance are anywhere even close to Cardin's projections (29 cents for this quarter, and much better next). I think part of the reason that this may happen is that the Seagate Block is largely if not completely out of the way. On the other hand, one of the bad things about having this block broken up is that now the tradeable float has been increased by 16 or so million shares. Sam