Right now I'm guessing the ~$16.20 area of Oct 14. It bounced there and went as far as ~$17.40 then started to gradually erode back to an approximate double bottom at ~$16.35 on Oct 23. If you draw a downtrend line off that $17.40 area you'll see the bid is breaking back above that line today. 'Course....one day do not a trend change, nor true bottom, make. But all the signals are strengthening that a change in intermediate term direction is at hand.
Just some thoughts while out playing this and other "tables." ;-)
Do you not know they have elpida? or that nand & dram prices are up huge since last year and even if prices go down they will still be profitable
It doesn't even matter that they don't control the price. Demand is here and supply is tight even with hynix coming back