It is PURE selling. Way more sellers than buyers today. There is way too many people willing to take this price for their shares than there would be if this had any chance of going higher.
Without any postive guidance (and we all know that will NEVER happen) SNDK is going down from here.
This is as weak as have seen SNDK with no reason to go down (OR IS THERE?)
Once again, A).You do not know anything about tomorrow since tomorrow is not here yet. B)You have no idea that institutions and mutual funds are selling million s of shares C)you have no idea if a sale is a long or short sale.
and finally, none of your post tells me anything!
This stock is out of favor.
Watch out tomorrow will be worse. SELLING IS RELENTLESS HERE. Every day big instituions and mutual funds are DUMPING millions of shares of SNDK. They are SHORTING like crazy evenat this price. Does that tell you something??
Achilles: The problem with you is that you make statements about lower margins and margins are terrible when you really don't know
And do you know any business that does not have competition.???
Margins are terrible. the price of flash has dropped really low and there's just too much competition. Sandisk has to sell more to make up for the margin loss. sure they get royalty but it's not enough to compensate for thelower margins