Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve 667 who wrote (24602)	1/21/2004 11:16:15 AM
From: Sam	Respond to of 60323

Pressure only by those who don't know what they are doing. Agree completely. There is no correlation between Seagate and Sandisk. The only correlation is that people were expecting higher numbers and better forward guidance from Seagate, and were sorely disappointed. Hence, many stocks that have been bid up with similar expectations will be/are getting hit in "sympathy," especially those in the storage sector. Nevermind that a fair part of Seagate's miss was due to company specific reasons and perhaps to sector-specific reasons (the latter will be clarified more when MXO reports tonight--is there really a price war and or inventory overhand in DD land, or is that just Seagate blowing smoke to cover their own forecast miscalculations and bad execution on some of their products?). Anyway, no one who isn't deluded by "the market is always right" ideology ever suggested that market moves--especially daily ones--are rational. That is why I put the post here and on a couple of other boards of related stocks that I own.