They expect some post Chinese New Year rebound in prices. However, if one looks lat last 6 months DRAM and flash trend in prices is down.
SNDK rally builds off this expected rebound nothing more nothing less IMO.
PS What is effect of under water employee stock options getting back in the money by quantity of hundreds of millions of shares per week as Naz rallies back to 1999-2000 levels. Options granted in late ninties didn't go away if company didn't go belly up.
i have a 100 target for SNDK soon...i am long at 66.95 and will not sell it..
as for the markets..i see little in any meaningful pullback just ahead..while we are diabolically overbought and in need of a pullback here it's going to be shallow and a short one at best..there are no sellers in the markets ..none..we do have some cycle low dates between the 18th and 28th..maybe that will suffice to clean out the excessive numbers..but i doubt it...and yes this will be another great buying opportunity..
the next rally will be much larger than this one. it could be monumental in fact..i am hoping for a small correction to dive into the abyss...
the first 2 weeks of Jan have been nothing short of spectacular...i expect it to continue soon with a vengeance.
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