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SanDisk Corp. Message Board

  • dan1xx dan1xx Jan 24, 2010 11:43 AM Flag

    This is what longs have been waiting for

    With all of the volatity this week (Obama speech Thursday and Bernanke reappointment noise), this week is what the longs have been waiting for ......U should condider any dip below $28 to be a total fantasy and a buying opportunity.....when it ran to $32 so fast from #$20, it was arguably to quick, and was an easy short simply based on RSI overbought models.....however, this week is what u want.....the opportunity to acquire shares in a company that is ramping up profits, great 2010 outlook, solid balace sheet with tons of cash, and an obvious buyout short SNDK here for anything longer than a moment is a death sentence.....the steam has come off of Tech stocks over the last month, the bears have the ball...Contrarian theory says now is the time to buy....I am loading the boats on dips..this will hit $33 in the next week or best!

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    • Don't forget Apple announcement on
      Wed. and SNDK earnings on Thurs.,
      as well.

      Unfortunately, if the market continues
      to weaken, good news will have little
      effect, and may be ignored.


    • I am going to add this to watch list with a mid-February target date to schedule it out. We will see at that time if the metrics support a buyout.

      Maybe you have not been paying attention lately:

      CBOE likes Feb-10 $25.00 giving 4.25 in juice (.42), and likes Feb-10 $25.00 put for .73 (+.28) (Volume 21)

      Total Open Interest: 3,045

      Do not ignore that volume my friend.....

      I will check it again in about a month.

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