Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SiliconAlley who wrote (59936)	2/23/2016 4:16:52 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

SNDK trading volume today was about 2.5 m. Average volume is around 9 or 10 m shares. SNDK has over 200 m shares outstanding. If WDC wants to buy some shares below $67.50, they won't get a very large amount, unless of course, the whole market collapses, which is unlikely. On the other hand, arbitragers may very well buy shares or options at these prices because the likelihood of SNDK rising at least into the low $70s is quite good – on improved earnings alone. In any event, I don't see much downside risk at the current price near $66. Art