After a massive sell off yesterday, SNKD seems to be at a very interesting point to enter. The earning is actually very impressive, but also the caution of the next quarter. I would not be surprised to see it recovers back up to $19 in no time. What do you think?
Stocker-------I usually keep my investments in the sector that I am well-versed in, .....the energy patch.
I concentrate my efforts in keeping up with events and direction of the E&P outfits and the drillers//service....OSX.
That being said, I am aware of SNDK, as a provider of flash memory chips for the computer industry. I hear that their chips are in demand for the type of products that are hot sellers, i.e., the handheld devices for communications, games, etc.
Just looking at the range of the stock over 52 weeks, it looks like the stock is close to the high, and therefore, barring some surprise news, doesn't show me any special opportunity to hold shares in SNDK at this time, considering the weakness in the overall economy. I like to look for value, and like to consider myself a vulture investor--------buying oversold, beaten down energy stocks on the cheap, or finding those with HUGE upside, due to fundamentals, that the market has not yet recognized.
If you like the energy service sector, as I do, going forward here--------another undervalued marine services contractor I'm in is TRMA. You might look at it.....see what you think!
FWIW, I am heavily invested in NG E&P stocks, for the majority of my portfolio. Once in a while, I'll go outside the energy patch for a swing trade, as I did recently in trading LVS-----and I see some good swing trades there still.
GL out there---------I'm gonna ride HERO for a few points over the next few months.