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

To: Art Bechhoefer who wrote (18272)	1/17/2001 9:59:29 AM
From: J.B.C.	Respond to of 60323

Yea, verily, amen!

To: Art Bechhoefer who wrote (18272)	1/17/2001 2:11:03 PM
From: JRI	Respond to of 60323

Art- I agree that, for long-term investors, a lot of what happens short-term is noise....eventually, stocks trade according to fundamentals (within, of course, a context of overall valuation vis-a-vis other stocks, investment instruments)....HOWEVER...SNDK has moved fairly coordinated (with a few exceptions, but not a lot)with the $SOX for quite some time...until SNDK proves it can move independently of the $SOX, it is logical to assume that any selling in the semi's will affect SNDK as well....therefore, by believing that SNDK can zoom up the charts....one has to (practically) wager that the $Soxx will move strongly as well...If one is a short-term holder of the stock... Doesn't mean its right, but just the way it is.....of course, "anything can happen" <G>

To: Art Bechhoefer who wrote (18272)	1/17/2001 2:15:32 PM
From: Steve 667	Respond to of 60323

Hi Art, Well at least we are in agreement. My original point was that short term nobody knows what is going to happen day to day. But the odds favor upside movement. The idea that the stock went up for 3 days so the next day should be down has the same fouled logic that at the roulette table, it has come up RED three times in a row so the next time it will be black. Totally meaningless drivel. To sell stock on that logic as we can see from the price of SNDK today and yesterday was indeed a random decision at best and just a stupid idea at worst. Regards, Steve