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

To: Art Bechhoefer who wrote (24286)	12/16/2003 10:49:40 AM
From: limtex	Read Replies (1) \| Respond to of 60323

AB - Down nearly $10 in 24 hours. This is some concereted attempt if it is. The massive selling form last week is continuing in full force today after a brief hiatus. Nearly 5m shares in just over an hour seems to me to break all the other records. If there is a concerted effort it might be for the $50 calls. This is all the more interesting since the Com=pany has already said the the numbers are better than expected. This kind of thing doesn't ususally happen to companies in this position. At this stage after now nearly seven or eight days of these incredible losses and volumes one has to wonder what is going on? The only thing that occurs to me is that the secondary was at $65 and the stock then went to $86. Someone posted ehre that most of the buyers of the secondary got out at higher prices than $65. That sort of leaves me wondering a little about that. Whatever this morning and last week are days we will remember. Best, L

To: Art Bechhoefer who wrote (24286)	12/16/2003 11:55:40 AM
From: Dave	Read Replies (1) \| Respond to of 60323

Art: See Briefing.com 10:52 am ET SNDK Weakness 55.42 -5.44: Hearing that weakness in SanDisk (SNDK) is due to EBN News report that flash memory-based data storage is drawing a crowd of new entrants that could see shortages abate by the middle of next year. Three leading chipmakers are jumping into the NAND flash game: Hynix Semiconductor Inc. and STMicroelectronics N.V., which have formed a joint venture to produce the chips; and Micron Technology Inc., which taped out a 2Gbit NAND device this month. Other flash makers"Intel, Silicon Storage Technology (SST), and Sharp"are eschewing NAND while developing versions of their NOR-based code storage products that will execute data storage functions. Jim Handy, nonvolatile-memory analyst at Semico Research Corp. in Los Gatos, Calif., said if every flash data storage supplier ramps production as scheduled, shortages could evaporate in the second half of 2004 and the market could head into oversupply.... (Briefing.com Note: this story is probably also contributing to the weakness in LEXR -8.2%).

To: Art Bechhoefer who wrote (24286)	12/16/2003 3:39:02 PM
From: Bruno Cipolla	Read Replies (2) \| Respond to of 60323

re: options and short sales the open interest on sndk calls is very low at 55 and below put options instead are still numerous at 55 and 50 see quote.cboe.com (also saved for posterity here) brunocipolla.com so that below 65$ option sellers have a lot to lose and little to gain Now, about short selling... the huge volume lets me think that at least one or two funds are selling, (I don't believe funds sell (or buy) based on trade rags articles.) Shorts are dancing, some hedge fund may be short selling (BTW where did they borrow all those shares?)