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

To: JRI who wrote (16305)	10/30/2000 10:17:09 PM
From: Sam	Read Replies (2) \| Respond to of 60323

JRI, OT--And if you read a little later in the thread, you would discover that Zeev bought it back later in the day for a little less than he sold it for earlier, and even a little less than he bought it for earlier than the sale. Whew! I think I got that one right. Not that matters. Zeev's buys and sales are quick trades. His buys mean that he thinks that the stock will be somewhat higher at some point between 10 minutes and 72 hours after the buy point, and his sales mean either that he is happy with the profit, or is preserving his capital from a large loss. Traders like this look for stocks that swing widely, so that they can make a few bucks per trade. They are totally different from most of the people (including myself) on this thread. There is nothing intrinsically "wrong" with this sort of activity, some people feel more comfortable doing it that way, and after experiencing the swings in Sandisk over the past year, in hindsight, some trading was surely warranted. This is a long winded way of saying that Zeev being in or out of the stock at any given time is absolutely meaningless insofar as Sandisk fundamentals are concerned. And I'm pretty sure he would mostly agree with that statement. Sam