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SNDK Thrashed afterhours.


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#1 SemiBizz

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Posted 30 January 2007 - 06:07 PM

A trip under 38 puts this thing on very shaky ground...

http://bigcharts.mar...&mocktick=1.gif



Posted on 1/28:

This one looks like BRCM did in May. You may recall my post regarding the fact the BRCM had weakness zone in roughly the same price range as this one 35-38... namely that there was no base built in the price range. As you can see SNDK is also hanging around that gap from 7/24. Looks to me like it gets filled. And then depending on how strong the volume is for that move whether or not that weak area from 35-38 gets tested. Considering semiconductor fundamentals are weak as well as weakening consumer demand, either the chips are going to come back as a group and take SNDK back up or they are going lower and SNDK is going to fall under 35 and head for the lower gap.


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#2 hiker

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Posted 30 January 2007 - 06:12 PM

after hours' trading volume is more than 2X avg. daily vol... good call earlier SB. CC just now finished this very second

Edited by hiker, 30 January 2007 - 06:12 PM.


#3 SemiBizz

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Posted 30 January 2007 - 06:46 PM

after hours' trading volume is more than 2X avg. daily vol...

good call earlier SB.

CC just now finished this very second



Thanks Hiker, Looks like the stock price reflects the fundamentals...
Posted Yesterday:

I was curious to get a fundamental read on this. I talked with a contract manufacturing CEO friend of mine this morning. He discontinued his "channel" business last year including all the NAND flash modules, because of deteriorating margins. He said that although SNDK has the brand, the fab and all the resources to survive it, that the picture for consumer is crumbling overall. I will short any move towards the recent high, should Wall St. be able to sell the chip story....


Edited by SemiBizz, 30 January 2007 - 06:46 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics