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

To: Zeev Hed who wrote (17685)	12/27/2000 5:05:19 PM
From: limtex	Respond to of 60323

ZH - This is getting out of hand. SNDK is at the price it is because an ML analyst came out last week and downrgaded it and at that moment the stock became a short candidate and the shorts and hedge funds moved in immdediately. I have no idea why this analyst felt it necessary to publish what he did when he did nor do I know the exact moment that the hedge funds or shorts took their positions but it is absoultely clear that the stock would not be where it is today had it not been for the 'downgrade'. We shouldn't forget that only a few short days before the downgrade the stock was added to an important S&P index and as a result moved to $68 probably assisted by scared shorts closing their positions having been surprised and thus standing to lose a lot of money. The professionals do not like to lose and they may have really been upset by this unexpected 'upgrade'. I would be very interested to know what prompted the downgrade when to the best of all our dd on this site it appears that SNDK is to all intent and purpose sold out of much of its product and for next year it seems to be concentrating on higher capacity product. Best regards, L