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

To: Ausdauer who wrote (3024)	5/20/1998 5:12:00 PM
From: Tumbleweed	Respond to of 60323

re Number of investors The point which I found most peculiar is the relatively small number of investors which own stock This has come up in other threads, it appears to be the number of known stockholders, which essentially means large institutions, and stockbrokers. If a stockbroker has thousands of holders of Sandisk, that counts as one 'investor. (though I'm not sure investor is an appropriate term at the moment :-( As I recall, even large companies like Compaq only had a few thousand 'shareholders' according to this method of calculating. I dont know why it's measured this way, as I still get the annual reports, so they should be able to use the number of annual reports sent out as a more accurate measure of number of shareholders. JoeC

To: Ausdauer who wrote (3024)	5/20/1998 10:44:00 PM
From: James Choi	Read Replies (2) \| Respond to of 60323

> I hope that we are investing in this company in its infancy. It is at its infancy by all definitions. Not only is the stock young, its number of shares are small and floats are exceptionally small. This stock will split and split as the CF and MMC market grows. The market can only grow because it is almost non existent now. When I got into this stock, I did some research. It compared very closely to IOmega in its early days. I believe that if anyone hold onto this stock, these daily variations will become just a blip on the long term chart just as many other "dominate the market for a decade" companies' charts. As for the list of investors, I think they are the ones that are required to disclose their stock holdings by the law. A friend of mine has more SanDisk stocks (guess who advised him on this) that some of those on the list yet he is not listed. This also shines some light on the volatility of the stock price. On a slow day, he is capable of causing 1/2 price swing by himself. It is very unfortunate that the self-induced swing always goes against him. If two or three of those people happened to hit the market at the same time to the same direction, you will see price swing. They may not have any other reason other than "There must be something wrong for the price to go down like this". Thus, it becomes a self-perpetuating situation that triggers everyone's stop-loss limit all the way down which in turn drives the price even further down, until it actually starts triggering those "I cannot believe it will ever go this low but if it ever does I will buy it" limit-buy orders. I also wish that the stock would have taken off the day after I bought it, but I am also glad that it fell in the mean time allowing me to accumulate more of it. It takes time to create a masterpiece. But I am pretty certain that the price will start moving up the day after you (generic you) sell the stock and then head back south the moment you get back on it. James Choi