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

To: Yogizuna who wrote (14526)	9/6/2000 11:02:55 AM
From: Dale Knipschield	Read Replies (7) \| Respond to of 60323

"A downgrade a day keeps the profits away". That's the tune analysts are singing today as DLJ downgrades MU. I guess its no secret why SNDK is tanking along with MU. "If MU's memory business is growing soft, then so must SNDK's!", would be the logic that uninformed investors (which is most of them) are using today as they rush to the exits. I don't know about the rest of you, but I am getting sick of of my tech stocks being trashed by: 1. Unsubstantiated predictions such as the Jonathan Joseph of SSB. 2. Vague rationale for downgrading INTEL yesterday. Not that INTEL didn't deserve it, but a failure to clearly define WHY caused panic in the entire semi sector. and now, 3. Another broad-brush downgrade of a major player such as MU, without differentiating that the softness in the memory sector DOES NOT apply to the flash sector. The funny thing is that I own neither INTEL or MU, but am getting hammered nonetheless, as I suspect most of you readers are. I just bought into SNDK last week and was congratulating myself yesterday on the timing. Now I'm not so sure I did the right thing. Anyway, it seems to me that these analysts should somehow be held accountable for their actions when vague warnings tank a whole sector. Their influence is far more than it should be, in my estimation. There, I feel better. BTW, the silence is deafening on this thread on this a.m. Regards, Knip