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

To: D.B. Cooper who wrote (26889)	10/26/2004 12:12:49 PM
From: Rich Wolf	Respond to of 60323

I do love the company, and the management. Just don't like the lack of guidance to wall street, they need to manage expectations better, and not just set a high bar that relies on factors outside their own performance. That being said, I was not a buyer when the stock lifted above 23 to 25 and then 30. I was looking at it going into earnings, and decided if I ever see it down at 20 again, I will go long and hold it a while instead of trading for the quick 10% (which has been my habit, in this post-bubble market). So I was a happy buyer just above 20. It looks like we are finding a good bottom here, no worries on my part about possible drifts downward. I think 'the street' will flush it around good for a while, as they get the retailers and traders out, while loading up for another run towards 30 for end of Q and January effect. If consumers step up for electronic gadgets for Christmas, SNDK will reap rewards and Q4 will be fine (though I don't think they will make their revenue mark that easily, so they should lower guidance ASAP, so they can beat a lowered mark more easily). JMHO.