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


To: Mats Ericsson who wrote (4111)12/18/1998 10:05:00 AM
From: Ausdauer  Respond to of 60323
 
Mats,

We are trading at $15.00 with volume of almost 20,000 shares out of the gate this morning. Thus, we have nearly tripled since the October 9, 1998 low. Short term investors or traders may elect out at this point. I am still holding shares from March that I purchased at $24 and will continue to hold. I will try to ignore short term fluctuations in price. Hope the rest of the thread is long-term holders and don't sell out on small blips.

When we crossed twelve a while back I thought about selling off a large chunk of my holdings as I have averaged down and $12 represented a break even point for me. I am still holding. Fundamentally there has been no significant breakdown in my reasons for investing. Perhaps this would be a good time juncture for those who are uncertain about SNDK to bail out or to reduce their exposure.

As I said before, I don't want to be recognized as the SNDK cheerleader. I recall the resentment (temporary) I harbored for those who pumped this issue up when we were talking about how the stock had strong support levels at $20. Then the bottom fell out. To be honest, I was blinded at that time by my infatuation with this stock. Hope others don't suffer from this same ailment.

Ausdauer