I've never seen a stock harder to break a price barrier and fail. Obviously someone doesn't want this stock to go below $60.
If you want to know just look at the May 60 Strike call option. Look at the Open Interest and you will know why this thing can't break the 60 barrier. At least not in May it won't!
I guess you really meant to say May 60 Puts not calls. There are over 20k 60's and 22 k 55's on the puts. May calls 14k at 62.50 and 17.6 k at 65 only 8k on the 60'sIf they can hold it in around 60 for the next two weeks they will all expire pretty much worthless.I'll bet the guy bad mouthing Sandisk the other day is holding a boat load of the 55 & 60 puts and is getting pretty close to getting wacked. Hmmm??
if not ohh well i have patience.. Im not a trader but an investor 1 q or 2 quarters dont bother me and everyone knows that 2nd half will be stronger. To me this is a good buying opportunity and anything further down is as well.....