Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Artslaw who wrote (5287)	4/8/1999 2:38:00 PM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Steve, We have sold as low as 17 today. It is suspicious that there is this kind of move and no news. The Lexar suit??? What the hell. Ausdauer

To: Artslaw who wrote (5287)	4/8/1999 2:40:00 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

To All: When a stock drops precipitously with no news to trigger such a reaction, it is an indication of short selling. The problem for short sellers who engage in this behavior with smaller cap stocks is that they can get squeezed easily if the owners of the borrowed stock decide they want their shares back or want to accumulate more. Even if earnings do not show much growth, a statistic like huge growth in unit sales or in overall sales revenue could lead to a short squeeze, forcing those with a short position to cover, whether they like it or not. Notwithstanding the uncertain earnings, we're looking at a company with a better cash position than most small, growth oriented firms. And while, this is not a very large company, the shares may also be attractive to certain institutional investors.