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

To: limtex who wrote (25883)	5/20/2004 4:38:36 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Lim--How huge is huge? This kind of business goes on all the time, but it's very hard to trace. It actually sounds more like a manipulation to me because there was no bad news between the time of the earnings release and now. It sounds like use of short selling and questionable analyst views about lower prices translating into lower margins and ultimately into lower earnings. None of those negative views have proved accurate, and yet the stock is way down. Very curious. I would also suggest that there may have been recent short sales in the $24 to $25 range in order to enhance an option position. My point is that the recent price action over the last week suggests that more is going on than simply the purchase of May 30 puts back in April. If there was a manipulation involving short selling, it's likely that the shorts will be covered once the May options have expired. Art