Seeking Alpha
  • Windsun33
    Looks like an SNDK bloodbath, looking for a good entry point to buy some
    4/4/12
    Reply (11)
    • OneLongTrade: From my experience, knife catching isnt advisable,especially when coming off highs in the market. Could go lower now that it broke the 200MA
      4/4/12
    • Windsun33: I am looking at another 10% or so drop before I jump in, but onto my watch list for possible buy
      4/4/12
    • Boatyzaffa: Just bought some naked puts on it; just beginning to unravel and will likely continue. imo, it will be below 40 before Apr options expire
      4/4/12
    • Boatyzaffa: Bought four April 41 strikes @ 0.28
      4/4/12
    • Windsun33: I am looking at getting in at under 41'ish, depends on how market looks overall at that time.
      4/4/12
    • avickrey: OK to scale into SNDK. A lot of short-dated options action. This is a long term story for FlashSoft w/ exist flash w/ SSD caching.
      4/4/12
    • Boatyzaffa: I have no idea how this will play out, but I do own 4 Apr 41 puts and I believe the following will happen. SNDK begins trading higher...
      4/5/12
    • Boatyzaffa: ...today just to get people to believe it will bounce back, then the stock will take another leg down which I believe will happen before Apr
      4/5/12
    • Boatyzaffa: expiration. Just my opinion, but you all know that anything can happen :)
      4/5/12
    • avickrey: SNDK is going to be a grind for a while, like CSCO last year mid-year. A lot of bears pounding the stock. Some more capitulation could occur
      4/5/12
    • Windsun33: It looks like the whole sector of memory/disk drives is getting hit. Might be some good buys, looking also at STX
      4/5/12