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


To: limtex who wrote (1868)12/1/1997 3:36:00 PM
From: Michael Anthony  Read Replies (1) | Respond to of 60323
 
This may possibly be year end tax selling from those in at higher prices. Doesn't look like it'll make a big move again until late December/early January if that's the case. I'm putting in a buy order for 20. If it doesn't go there, I'm content to hold what I have. If it does, I've gotten a bargain IMO.



To: limtex who wrote (1868)12/1/1997 8:49:00 PM
From: Craig Freeman  Read Replies (1) | Respond to of 60323
 
Ian, according to the WSJ, the secondary was scheduled to be completed on 11/24 at a price of $28. The stock closed at the end of the previous trading day (Friday 11/21) at $27-15/16. It fell to $27 by the end of the delivery day.

In the absence of information to the contrary, I would say that the secondary has been completed, the brokerage firms involved are busy counting their money, and that the stock is now subject to market forces (and a general lack of news.)

I suppose that those firms will soon buy the same shares they sold at a lower price, hype the stock again, and repeat. Nice work if you can get it. Makes things mighty bumpy for us shareholders.

Craig