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

To: Michael A. Gottesman who wrote (2467)	1/26/1998 1:30:00 PM
From: OrionX	Respond to of 60323

Michael, I wish I could make heads or tails of this stock. While it oten moves in concert with good news, analyst upgrades etc..., I've also seen it move in the opposite direction. Go figure! I've said it a few times, that I will never understand the behaviour pattern of this stock. Maybe there is some truth to it being manipulated with the low volume of oustanding shares and with 3M shares sold to many people at 28$ who may now want revenge (just kidding on the revenge part). Anyone have a more technical analysis of the trend please post your comments. Mauro.

To: Michael A. Gottesman who wrote (2467)	1/26/1998 2:00:00 PM
From: Mike Winn	Read Replies (1) \| Respond to of 60323

I think it has to do with the statements of the CEO and the analysts again. Even though the tone of the CEO and the analysts is upbeat, they all said that the future of the company looks very bright in the second half. That gives a clue on the timing for trading the stock. Investors do move money from one stock to the next and when they know the approximate timing, then they will swap stocks. It's just like what happen to those biotech stocks when the company said that it predicts the FDA will approve certain drug in so and so quarter and boom, the stock got sold out. Then also chip stocks are not doing too well these days regardless of which type of chips.