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Despite announcing strong Q4 results and solid guidance last week, SanDisk's (SNDK -2.4%) stocks...

Despite announcing strong Q4 results and solid guidance last week, SanDisk's (SNDK -2.4%) stocks tumbled 9% Friday. And some share pressure derives from SanDisk's lower margin forecast - partially caused by its inability to meet surging flash memory demand. And that "seems like an odd reason to dump the stock."
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Comments (3)
  • Syboutzen
    , contributor
    Comments (15) | Send Message
     
    Just a "little" old guy trying to make a buck in this crazy hedge/quant fund dominated market.
    31 Jan 2011, 10:47 AM Reply Like
  • iamopie321
    , contributor
    Comments (13) | Send Message
     
    I really don't understand the selloff here, but I will take advantage to add more to my portfolio. Margins were pressed a bit according to their announcement, but it doesn't justify the 11% selloff we have seen over the past couple of days.

     

    I just bought a bunch more today and I'm going to buy 100 more shares on each 3% move. I am long term here and given this companies potential, I am confident picking up additional shares at a nice discount.
    31 Jan 2011, 04:12 PM Reply Like
  • iamopie321
    , contributor
    Comments (13) | Send Message
     
    One other thing I forgot to mention... SNDK actually raised guidance. Couple this with margins that are actually above the business model they are using and this one is far too low right here.
    31 Jan 2011, 04:39 PM Reply Like
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