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SanDisk Corp. Message Board

  • sandisktodamoon sandisktodamoon May 9, 2010 10:22 AM Flag

    Anyone else thinks SNDK will hold the

    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!

    To Da Moon!

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SNDK
52.44-0.41(-0.78%)12:12 PMEDT