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


To: Diamondhead who wrote (4696)2/7/1999 1:57:00 AM
From: Bill Zeman  Read Replies (1) | Respond to of 60323
 
Just some comments about the price moves:

This recent drop was on relatively low volume. Just nothing but sellers in this stock friday, and I think a lot of would be profit takers who were still debating the issue, finally threw in the towel and sold when they saw the stock break support. It could go back up fast with a positive news announcement. I agree though, that it is destined for more downside without news. If it gets too low though, like in the teens, then we will see definite spike days up when big players move in on the value that will be there. I really don't see sustained pricing under 21-22. Any falls below that would be very good buying opportunities IMHO.

Bill Z