Rex, limtex,
I got up this morning and saw the news, WOW!
Have a look at this message : Message 4912180
it was near from the truth.
Only Yakov cared to give his opinion :
Message 4913225.
Rex, you know there's a lot of competition out there, I insisted recently that pressure was mounting on SNDK's margins as a result of Lexar and Viking deals with OEMs such as Kodak and Canon. So it must not be that BIG a surprise.
Furthermore there's no news on the MMC front.
That's enough risks to be aware of a potential fall.
IMHO, today, the market will kill the stock. I'll lookat it and will be happy to clean my friends' portfolios (which all hold some stock) at $15. However, I am sure we will gap down. Look at SMOD and how the market killed it. It's now in a profound coma. Let's hope we don't get this kind of thing.
As for the insider knowledge, looking at the volume I thing that nobody who held a position sold in the know, most of the volume was short-selling related and there were only 230K shares traded.
The heavy puts are more suspicious.
What I really hate is SanDisk's behaviour : they really manipulated the stock with their PR and you're all right to be mad at them and thinking of getting the SEC on it. However, I don't think it would be useful as I see many hi-techs do the same and never get punished. If you look at it carefully, what they did is in the best interest of long-term shareholders who will loose less equity as a result of the annoucement.
Of course, that's just my opinion. |
