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


To: Bill Zeman who wrote (5170)3/23/1999 10:24:00 AM
From: NHP  Read Replies (2) | Respond to of 60323
 
>>What seems to be the obvious scenario --- An options writer unloads or shorts 100,000 shares on Friday........<<

I'll offer another scenario (I hope I'm wrong).

SNDK comes out with a couple of glowing announcements followed a few days later by an earnings alert that earnings for the quarter ending in March will not meet expectations. If this is the case, there should be many buying opportunities in the low 20's.

I still hold the April 10 calls and will exercise them prior to expiration. I'm in for the long haul and don't intend sell anytime soon.

Regards,

NHP