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

To: Craig Freeman who wrote (1871)	12/1/1997 10:48:00 PM
From: limtex	Read Replies (1) \| Respond to of 60323

I'm ot sure I understand the underwriters ptich to their customers. Surely they must at least want to show their customers that they have sold them an appreciating asset. As opposed to what they must now be looking at as a 15% + drop in a few days while the market took off into the fourth biggest jump in its history. Surely they can't be saying "look here lets buy at 27.5 wait and see how the market moves. Then if it really looks as if we're going to have a major rally we'll get out of what we just bought, ( at a loss of five -ten per cent in two days) and then we'll go back in when it's 30% lower. Surely this can't ber going on. It must be something else and that's what is begining to make me think. How are the fundamentals????? We've all been going on the assumption that they are still as good as we belived they were...