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


To: Ausdauer who wrote (5304)4/8/1999 4:35:00 PM
From: Daniel Joo  Respond to of 60323
 
When I first saw the stock go down, I asked my broker if there were any large blocks traded to see if the big boys were selling, and he told me only 5 trades of 10,000 or more shares had crossed and no news.

It seems to me that we may be seeing short selling with few buyers.


IMO, we'll see continued volatility with continued selling based on today's close at $23.25. People coming home will be nervous when they see the day's low and they'll see no news. They'll think that something is up - that the insiders know something and will want to sell before it hits the lows again. And I will buy again.

It's a scary time in the market right now. IMO.

Dan