It was certainly disappointing when it tanked, but the reason it tanked was because an analyst (discussing MU?) warned that there would be weak demand for NAND....and boom, SNDK dropped around 10%. I don't remember the name of the analyst, but perhaps someone else has a better memory. And then, within a couple of days, as I recall, SNDK mgmnt announced their divi and buyback, which helped out some. It was nice to see mgmnt come through with those announcements (IMO).
I am impressed at how 'they' are able to keep the trading at such a narrow price range. Nearly twice the normal daily volume, and for most of the day, the range remains within .03/share. Does anyone understand the details of how this is accomplished? I've noticed this many times over the last months (typically with much lower volume), but after recent events, it seems like more of an accomplishment to me. Any experienced thoughts on this?