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

To: limtex who wrote (2226)	12/29/1997 1:37:00 PM
From: OrionX	Read Replies (1) \| Respond to of 60323

Is today the last day to sell for 1997 income tax or was it Friday? I also agree that something stinks as too many shares have been sold off! If Seagate or institutions sell off that doesn't bother me as much as when insiders do it! I expect insiders to hold the course or at least make public whatever info they have to make them sell. However, I have to admit that the stock has appreciated a fair bit during the year and it is better to take some profit now and buy back in later. I guess we may never know.

To: limtex who wrote (2226)	12/29/1997 3:12:00 PM
From: Mike Winn	Read Replies (1) \| Respond to of 60323

Ian, I really don't see any bad news for Sandisk, but there must be some reasons to explain the big drop and the high volume. So I am just guessing a few reasons: - some bad news that we don't know, but I doubt it. - tax selling as folks already pointed it out. - the ghost effect from the CEO's statement still lingering. - SNDK got lumped together with the other chip stocks such as ALTR, ATML which are really at the basement level. Some people trade stocks along with the whole sector regardless of the type of products (chips). Also some strange trading pattern can happen. People trade away the good stocks and buy the bad stocks that they think are at bottom level, i.e. people can sell SNDK and buy ALTR or ATML. - herd psychology, a few people sell and the rest gets into a panick. Anyhow, I am glad I sold off my position in SNDK (which was major at the time) at 27 when the SEA problems started to develop and then only bought back a smaller position around 20, so I don't get hurt too bad yet. But then I also diversified into other stocks. Another of my goats is PWAV, I bought around 20 and is now around 13-14 despite the assurance of the CEO that everything is OK. My action now is to do nothing, I don't sell, don't swap stock, don't buy either. I am waiting for this irrational selling in tech to be over, hopefully in January. I have never wished as much that time goes by a little bit quicker to the New Year. Happy New Year to all. Mike.