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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.4%3:59 PM EST
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To: Bruno Cipolla who wrote (4053)1/9/2019 11:01:43 PM
From: SiliconAlley   of 4827
 
Joseph Moore doesn't have a very good record on this stock. His analysis assumes that the stock is currently fairly valued, and that negative news will send it south. When a stock is severely undervalued, as this one is, even bad news can spark a rally. I expect a miss for the most recent quarter, and for the stock to climb a wall of worry. Incessant demand is ahead of us, as 5G and IOT take a bigger role, and the current supply/demand imbalance will soon be a thing of the past.

I have a huge position in the stock, and am heavily on margin. I sold off some shares on the way down, to offset taxable gains and stay ahead of any margin calls (only one was received, on the Christmas eve massacre, and met with cash), and was able to rebuild my original position at lower prices. I've also done multiple Roth conversions at these low prices, have a huge tax liability as a result, but will be well worth it as the stock rebounds.

I have been through these cycles before, and it not prudent to go to the sidelines in a downturn, due to risk of takeover. SanDisk is case in point. Anyone who went to the sidelines missed out on the big pop following the takeover announcement.
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