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

To: Art Bechhoefer who wrote (24107)	12/6/2003 10:19:43 PM
From: amoezzi	Read Replies (1) \| Respond to of 60323

Just take a look at SNDK's chart. Here is my reasoning: In August, it had a slide from around 59 to 52 and recovered in a very short time. This makes 59 the support for SNDk.

To: Art Bechhoefer who wrote (24107)	12/6/2003 11:07:52 PM
From: Nancy	Read Replies (2) \| Respond to of 60323

$59 is the prior top in summer and it made a free fall similar to the one it is making now. it bottomed at 47.9. and resumed its upward climb without any serious correction until this break. uptrend line is broken when it broke 80. the gap at 67ish did not hold also is a bad sign. huge volumes in this down leg suggests big boyz are bailing. pull up a 6 month chart you can clearly see it. i saw someone posted a very sensible analysis on sndk to you. i hope you understand the supply/demand and capacity issue in a commodity business. Also the danger of selling naked puts. also dont forget next qtr would be seasonal weak period. good luck.