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

To: Charlie Smith who wrote (24682)	1/22/2004 4:51:57 PM
From: BWAC	Respond to of 60323

Man I can't graph none of this information on an hourly chart and draw some projected lines. Please stop. So we can get back to flipping shares. <g>

To: Charlie Smith who wrote (24682)	1/22/2004 5:01:18 PM
From: Dave	Read Replies (1) \| Respond to of 60323

Charlie: While Graham defined "value" as buying a security below its intrinsic value plus a margin a safety, I am talking about something different. Typically, when companies are selling below its "book value", the company and management has done a relatively good job of destroying value and that's why it's priced so "low". It is the investor/analysts job to determine if a turn-around is in order. If a company invests in projects that return less than its required rate of return on equity, the company is destroying value even though its growing.