50 day MA of $36.48? We got a couple of test on Thursday and Friday and bounced nicely off of it. Is that a double bottom? FEAR is a wonderful thing!I will agree with the shorts if the 50 day gets broken, watch out below here come $32 and possible $29. I doubt that will happen but if it does what an opportunity! Go back and look at 2005 chart, SNDK had a sharp drop followed by a massive move to the upside. Over all SNDK has held up better then expected with the move in the NAZ, it should be around $34 with it's Beta. I will bet some Hedge funds had to liquidate and that is what caused the drop, sooner or later SNDK is going higher one way or the other!
Right now I do not really care if it goes down. Two years from now, we will visit the triple digits for SNDK's stock. I am still debating about adding additional shares. My costs are very low and anything today will add to my basis, yet it will be chump change in two years. Still, the tightwad in me is ahead. I am so cheap, I try to make a dollar scream for mercy before it leaves my control. I think that if it beaks and goes below 30, I simply have to buy more! That cheap soul inside needs convincing! Let me not forget, THANK YOU for your posts!!!