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


To: im a survivor who wrote (17563)12/22/2000 10:09:51 PM
From: Ausdauer  Respond to of 60323
 
It does bother me however that the SEC allows this to happen.
ML downgrades the stock, creates a 35% sell off and then buys back the stock.


KG4,

As it turns out my Dad opened an account with ML this Fall.
His ML broker called him pre-market to say that they expected
a $12 to 14 dollar fall in SanDisk the AM the downgrade was
released. Good news was that only 14,000 shares listed to be
sold pre-open. My Dad got the message that it would be time
either to brace for a major decline or an opportunity to sell
before word got out.

Ausdauer