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

To: Art Bechhoefer who wrote (5352)	4/11/1999 12:48:00 PM
From: Ausdauer	Read Replies (2) \| Respond to of 60323

Art, My conspiracy theory is as follows. earlier this year... Q4 earnings released. Stock market doesn't react. CC is upbeat. Stock starts to move. Movement gets noticed. Share price rises. Institutional buying kicks in as market cap crosses threshhold for participation. Momentum players jump in. Institutions not done accumulating and push up price further. Shorts jump in. Momentum players jump in again. Shorts get squeezed and push price up. Institutions really sweating as they didn't finish accumulation. Price goes up. Now we are at 37 5/8. then... Craig Freeman triggers sell of in SI thread. Everybody who wanted to buy has already spent all their cash. Sells trigger price retreat into low 30's. Short sellers come back looking to make back their money. CeBIT throws a wet blanket on the stock. NY Times article (sponsored by the "Screw SanDisk Consortium"-- founding members IBM, Sony, and Iomega) throws two more cold wet blankets on the stock. Nobody wants to buy SNDK anymore. Stock hovers in mid-20's. followed by... Then some institutional trader sees lack of interest. Floods market with small to moderate sized sell orders and accompanying asks below market. Keeps pushing stock into the void. Shorts jump on the wagon. Institution originates fake Yahoo! post. SNDK longs panic and sell. Stock goes to $17.00. and finally... Rex Dwyer initiates coverage on SNDK with "buy!, buy!!, buy!!!" recommendation and the stock closes at 23 1/4 because instituional buying beats everyone to the punch. THAT IS MY CONSPIRACY THEORY Ausdauer