Michael, Mike, all the regulars and new guests,
Boy oh boy this site has picked up some badly needed activity in the last few days. I second all the sentiments I've read in the last 20 postings. I don't know what the hell is going on with Sandisk, but if this helps any, this behaviour of going countercurrent to the market has happened before. I know, I lost $$$ waiting to understand what the hell was going on. Until, all of a sudden it started to slowly creep up ever so slowly that after a week or two, it had moved up 10-20%. Then came the BIG spikes of a 2-3$ upward swing per day. Getting back in on that kind of rollercoaster can drive you crazy.
This is a very tough stock to play and always stay ahead (who would ever believe you if you told them you were up against the ceo at earnings announcements?). At least that's been my experience. But I don't give up, I can't give up on something I believe is fundamentally great technology that just hasn't hit the big payout as of yet. I still believe it will come. What's it going to take? Certainly some good PR which I can't say we've had too much or enough of. I expected somewhat more pizzaz from the Comdex show. I didn't see it.
In times like this, I use my gut feelings and whatever logic (should that be sanity?) I can muster. Man if this stock was a good buy at 28 it certainly is getting better and better by the day. Soon it'll be a steal. Don't know how much longer I can hold before I jump in for a few more shares.
Now, anybody figured out how we can keep the ceo from messing up a hopefully good earnings in january?????
Good luck,
Mauro. |
