Craig, you may be quite right (I hope so) that Monday is a good day to buy SNDK, however, do you have a time scale? Is that a good time to buy for the next three months (meaning very little chance to buy much lower than that over that time span) or is it a very good time to buy over the next 12 months (wery little chance to buy much lower in the next 12 months). If the latter, I beg to disagree, I now believe that SNDK may be availble in the low $40' possibly within the next six months and I have a target bottom of about $28-$32, within the next 12 months. In the very short term, the next three months, I agree with you, we may go from here, once more to the high $80' and possibly even higher. However, IMHO, this may very well be an opportunity to sell rather than buy more.
My reasoning has nothing to do with the spectacular performance that SNDK will probably show both on its top and bottom line over the next four quarters, it has to do with the general market and particularly the high tech sector, which I have been saying for quite some time will become very dangerous over that time span.
Zeev
irrevolute.iuma.com |
