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

To: Craig Freeman who wrote (4622)	1/31/1999 8:22:00 AM
From: TimC	Read Replies (1) \| Respond to of 60323

To Thread, A broker friend from AG Edwards advised us to sell SanDisk at $29. He mentioned that when the stock was between $20-22, & again at $24, significant blocks were purchased by institutions. He advised that these buyers often set a "limit sell" on stock, such as SanDisk, and he feels it may be $30. This means that if the stock hits $30 there may be a sizeable sell off. Keep in mind that this is only his opinion and if he were always right he would own the company not work for it. IMHO, I do feel the stock shot up too quickly and is due for an adjustment. Unless SanDisk comes out with some significant news soon, we could very well see this downturn within a week or two. Short term I feel SanDisk will pull back to the low $20s, establish a base, and take off again just prior to 1st quarter earnings. This time it will approach $40. Long term I feel there is no limit to this stock's potential. I've been into this stock for two years now. I've seen it rise to $40 and down to $5.I think the company is FIRST RATE and intend to follow it for a long time to come. Tim (28 7/8)

To: Craig Freeman who wrote (4622)	1/31/1999 10:19:00 PM
From: Don Hess	Read Replies (1) \| Respond to of 60323

Since everyone else has owned up (and now that I'm too late to make Craig's list), I sold exactly 0 of my shares in SNDK this week. And yes, I was there at $40, and then at $5. I guess I am surprised at what has happened versus what has happened to the choir. Folks, it turns out, we were right. The market, always late, caught on with the pre-earnings leakage and the actual earnings news. So we get vaulted back up to where we were when there were only vapors. Now there is actual news, and Eli is brimming with confidence. And... You guys sell half. No problem in taking profits, that is what we are all doing this for. However, -- and maybe I am becoming a lone voice -- I think we are climbing a mountain, not celebrating reaching the peak. I'm not content to let only half of my dollars take the ride the rest of the way up. I remain bullish on SNDK for all the reasons of the past, and the very real reasons expressed by both the 4Q results and by the CEO's uncharacteristic enthusiasm. Again, the market is always late. So, some time this week or next, or the week after that, some brokerage is going to raise their recommendation on SNDK, and the lemmings will follow along, and poof, we're at $40. I like that. Now please, I'm not at all criticizing anyone for taking some money off the table, the reasons we all do so from time to time are personal and, often, prudent. But I think (and I may be proven very wrong, I guess) that I am correct in remaining confident that the SanDisk ascent still has some legs in it, and perhaps more energy than ever before. Mark me down as a long, with both fists full. - Don