Formerly About SanDisk Message Board

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Technology Stocks : Formerly About SanDisk

SNDK 239.51

+15.5%

Nov 7 3:59 PM EST

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To: Ausdauer who wrote (862)	8/28/2010 7:55:38 AM
From: sylvester80	Read Replies (1) of 1161

Just in case I'm wrong I did put a stop loss at $32.99. The stock should not break below the $33 line. If it does then something else is going on and much more severe. However currently we are in major oversold territory with the RSI in the 26 area where usually strong bounces come from. On the other hand this move down was on very heavy volume (we did 30 million shares just on Friday and 160 million shares in the last 7 trading days) and that means a lot of bagholders will be looking to sell on any move up. So my 20% prediction could be overly optimistic.... at least in the very near term... probably getting 10% should be the first target instead...

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