MDA - Market Direction Analysis

[LG]

redwards: Well I am only watching the markets "part time" right now and reluctant to give specific stock WAGs...gg However SNDK looks to have been trading in a farily wide range since early 2001. Eight and change to around 30 bucks or so. Looks like a long basing or consolidation process at first blush.

I never buy or sell and just go away. My chart intraday models are mixed. Personally I would prefer to wait for a better setup. However, my WAG would be to look for some of that move up from mid April to be retraced, possible a gap fill.

Regards,
LG

PS: StockPickReport has a buy rating for SNDK as of yesterday. I am not a fan of SPR...gg