you would have to be insane not to take profits or start shorts at $ 15 after a 100% gain in the last 30 days.
SNDK is pure speculation at this point. Sure it could go higher but it could alos drop by a ton when it announces earnings Tuesday.
I fully expect it to have lower than expected losses but its still priced as if it were making money here even though it will lose money this year and next.
Take profits here unless your willing to be committed :)
Just my 2 cents.
(yes I just shorted 500 shares at $ 15 so I am biased.
just remember one thing about earnings date... everyone knows earning are going to be bad.. so the current price of 15 is build into the shares.. now if they come close to their expected earning or better then watch SNDK fly.... its almost a win situation. so watch that short position closely
You ever hear the phrase "never catch a falling knife"?
The same rings true for the opposite.....you are shorting a stock that is in a sustained, high volume upward trend....
The floor has been set in this prolonged downturn.....You think $15 is high.....this was over $60 less than 2 years ago and the future is bright. Only SNDK has X3 and X4......Samsung products are all based on SNDK IP.....they have to sign an agreement or lose their #1 position. SNDK has said a dozen, there will be no take-over talks until a deal is signed.
A deal will be signed, and then a takeover.
A year ago, Samsung was willing to pay a premium to the price SNDK was trading at ($28)....before the drop and $26 offer. Now, a year later, flash is recovering and SNDK IP needed.
No offense to you but what gives you the right to call people who don't agree with your investment ideas insane. Who do you think you are and why do you think that you are so smart? Just wondering. No offense.