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Hi, guys - I'm a newbie here, but I'm long SNDK and foolishly (in retrospect) began increasing my position when I learned of SEG's wholesale dumping. However, I no longer believe that the decline in market value is the result of SEG's sales (volume is way too high - strongly suspect that SEG has finished selling; they are in the final stages of the VRTS deal, and I think the #'s are in place, but could be mistaken.) The SEG sales could have magnified the decline, which has been very severe even in comparison to recent NAZ carnage. In other words, SEG sales could have broken the technicals, and that is what I believed about 6 weeks ago. Now, I'm not so sure. It really seems to me that someone decidedly thinks they know more that we; I'm suspicious that it relates to political uncertainties in Taiwan but frightened that it may be something more specific and fundamental; who knows??? I believe in the company's prospects (obviously) and was heartened to note that 4 funds highlighted in IBD last Friday were accumulating (although, obviously some others were selling.) It's a real mystery, and a large piece of the puzzle seems to be missing. I know the stock is still expensive, even at these levels, but the prospects seem so promising - there's something I'm not seeing, unless the market is totally irrational (unlikely, but possible I suppose.) |
