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


To: Ausdauer who wrote (5182)3/23/1999 2:47:00 PM
From: Rex Dwyer  Read Replies (1) | Respond to of 60323
 
Aus,

Just don't mortgage the house...

Rex
($27 1/4)



To: Ausdauer who wrote (5182)3/23/1999 7:15:00 PM
From: Craig Freeman  Read Replies (1) | Respond to of 60323
 
Ausdauer, re: "(Craig Freeman will probably be mad at me for doing this after following his "irrational exuberance" warnings a few weeks back.)"

I wouldn't leap in with both feet but I do like SNDK more now than I did at $35. Just be sure than you can withstand a margin call if the stock falls in half. In this market, you never know.

As to IRA trading, it may make sense to divide your buys between the IRA and your regular account. If something falls and you want to cut back, sell in the regular account and take the tax loss. If you want to take short-term profits, sell in the IRA to shelter the gain. The only problems are that you can't trade options in an IRA except covered calls and margin is a big no-no.

A totally rotten day it was. Here's hoping for a bounce.

Craig