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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: wizzards wine who wrote (1243)	2/28/1998 6:12:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Hi Preston. Not sure if I am addressing your question, but SNDK like most hi-techs have more turnover than avg. due to their volatility. I've also read that the Feb. NASDAQ short position is at a record level. SNDK is in a highly competitive sector and I saw several articles that were published last week regarding the flash memory sector. Long term growth for SNDK is projected to be in the 25-30% range and currently the stock is trading at a PE just over 30. My guess is that there was a short squeeze on SNDK on Fri. resulting in above avg. vol. and turnover of shares. Sergio