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


To: Mike Winn who wrote (2233)12/29/1997 4:14:00 PM
From: OrionX  Read Replies (2) | Respond to of 60323
 
Mike,

With no formal news, that we little people are knowingly aware of, this stock is probably going to keep behaving unpredictably as far as we're concerned. FWIW, I have noticed in the last few trading days that a concerted effort to sell the stock was present but the sellers/shorters didn't just sell at all cost. If you look at the intraday's you will see that the stock was sold off early in the day, allowed to recover and then sold off again never allowing the stock to close the day with little or no loss. If this selling is not directly attributed to year end selling, then we may see further erosion in the following days. For what reason I don't know but hope we find out why sooner rather than later. Hope somebody out ther has a better theory or better yet real facts to explain what is going on.