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

To: Art Bechhoefer who wrote (25619)	4/16/2004 10:28:45 AM
From: Road Walker	Read Replies (1) \| Respond to of 60323

Art, Yes, I'm going to wait for a bounce. I bought to close the Apr 27.50's for $0.80 yesterday (sold at $2.40), my mistake. So I'm uncovered at the moment. John

To: Art Bechhoefer who wrote (25619)	4/18/2004 4:09:11 PM
From: limtex	Read Replies (1) \| Respond to of 60323

AB - Its not just Sandisk. There is now a new pattern of a run up in the month or so before earnings and then a virtual collapse A/H on the night that earnings are released. What on earht was SNDK doing trotting up to $32.5o only an hour befoe earnings release? Somone either here or on Zeevs turnips on ihub mentioned a few days before earnings that there was massive buying of April or May $30.00 puts. I think Zeev thought it was a large holder just prtecting himself. I don't believe that. I reackon it must be either some kind of short programme or someone with incredible vision. One or the other. The question is whether the market long term is going to give SNDK a P/E of over 10? Clearly growth is not the only factor any more. The market wants something more and I'm not sure what it is except that whatever it is SNDK doesn't have it. What we could be looking at is a company growing into its stock price. The point being that it is hard to imagine SNDK with a valuation of over $4bn given the now never ending story of margins. These are going to attach themselves to SNDK like limpets for years. And SNDK won't be the only one. This is a new market syndrome it seems to me it is the way things are. SNDK is staring at a possilbe $2eps this year and still it tanked. The stock either had Lasser fever or there is a new syndorme in the market. People will not forget this earnings haircut business for a long time. Best, L