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


To: JRI who wrote (15093)9/27/2000 11:51:04 AM
From: limtex  Read Replies (1) | Respond to of 60323
 
JRI - Raging bull reports insider sales from last month that were announced this morning. Follow up post says that they couldn't find the details.

My guess is that in a major bear market like this high priced stocks like SNDK will get hit as soon as the MMs get around to whacking it. It is probably droppping becuase someone this morning decided that they were goign to take a piece out of SNDK.

I believe the technique is simple, you just have to be a big enough house to do it. Then you get up in the morning and start lowering the price of SNDK and see if you flush out a few buyers. In the beginning of a major bear market like this it isn't difficult. Doesn't look like a lot of volume and yet down it goes.

To do any good in the market you have to have the balls to buy on a day like today but not many do! This pattern where SNDK is now hovering around $68 is typical of such a day.
This is sort of similar to the position in March when everyone was waiting for what we all believed generally in the market ot be great results from the tech sector the market didn't wait and got the hell out a couple of weeks before the earnings signalling the end of the great bull market.

Today it is the beginning of SNDKs trial.



To: JRI who wrote (15093)9/27/2000 11:54:07 AM
From: Jason W  Respond to of 60323
 
Today would be a good day to go golfing, cause it sure ain't the day to watch this stock.

Jason W



To: JRI who wrote (15093)9/27/2000 12:07:34 PM
From: Steve 667  Read Replies (3) | Respond to of 60323
 
Any clues about that short/sharp selloff 30 minutes ago?

Yep! The sound you hear is all the SNDK shareholders selling their stock so they can buy some SSTI shares. Yes sir, all that talk about getting the big block of shares out of SEG hands and into the hands of many many individual shareholders sure has made a difference, hasn't it?

The next issue to dig out of the closet, dust off, and beat to death is "time for a stock split". Yeah pump up the volume! Oh, and let's not ignore the conspiracy theories. Blame the brokerage houses for secret manipulating. And on and on it goes.

The stock will bottom in October and that's it. Only then will investing season begin. End of story. And all the speculating, talking, hyping, wining and postulating isn't going to change it.

In the meantime. It's trading season! So keep on trading! Investing season is less than a month away.

Everytime a trade is completed on the stock exchange - Somebody is right, and somebody is wrong.

Steve 667