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


To: limtex who wrote (5050)3/12/1999 12:10:00 PM
From: David W. Tucker  Read Replies (2) | Respond to of 60323
 
I agree with Aus that the stock is clearly being accumulated daily under recurring schedules. Someone is buying early every morning and again right before the close.

The trading this morning was very nice in view of the surrounding market that was nearly all red.

I just think the stock is slowly being discovered throughout the market. People (and fund managers) are craving new technology niches because everything else is so over valued. When they see Sandisk they see a growing company with a near monopoly in a specific technology. The balance sheet is pretty clean also, and management has developed a good history on many fronts.

Also, doesn't Sandisk have a pile of cash laying around waiting to be invested?

This is sure fun to watch when everything is going well.

dave