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

To: KeepItSimple who wrote (24315)	12/17/2003 8:22:21 AM
From: Art Bechhoefer	Respond to of 60323

>>all the way down into the teens?<< Very dramatic, but what's your basis for predicting a drop that would give SNDK a P/E of far less than the market multiple? Are you predicting Armageddon? When I sold puts with expiration in April, 2005, the price I received would allow me to break even on the transaction if the shares reach 65 by expiration. So are you saying there is little or no prospect for the shares to return to that level? If so, what's your basis? You can draw all sorts of nonsense from the shape of a curve or a trand analysis that creates a curve based on two or more non-randomly selected points. But somewhere along the line, the sales and profits of a company enter the picture. Art