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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (6623)4/19/2000 2:55:00 PM
From: Steve 667  Read Replies (2) | Respond to of 8096
 
Poet, Hi and thanks for the welcome.

Well,
Some might want to consider getting some SNDK calls before close today. Earnings and cc due after close and should beat estimates easily. Reasons in a capsule:

1. They cannot fill all their orders - too much demand
2. 2 Fab plants, plus Toshiba doing contract manufacturing for them.
3. Demand increasing - Digital cameras an MP3 players on a tear.
4. Increasing applications for flash memory almost daily
5 Increasing royalties
6.. Favorable preliminary court findings in Lexar patent infringement lawsuit.
7. CEO has said that that company is "one first step on the first block of Main St." ref: to G&K.

Strategy: buy today, sell enough after 2 or 3 day pop up to cover original purchase, the rest are then free. If does not pop, sell em all tomorrow. Good upside/downside ratio. Of course you could always just buy the stock, but this is an options thread, so no you can't. <g>

Of course I could be wrong.

Good Investing
Steve 667
* I wish the buck stopped here. I sure could use a few.