Zeev, I was looking at SNDK this morning and was considering taking a position in my IRA to hold for 1-3 months (actually, preferrably getting out just before the next earnings report) and was curious where you felt the downside/upside points fell?
This would be a short term position just looking to pocket possibly 10 points over 2 months.. Obviously the stock looks oversold, but if the turnips are correct and we have a sharp decline I would bet I could pick some up under 50, possibly even low 40s if some longs really throw in the towel.
I just think from an FA perspective that there has to come a point where buyers will step in and if they dont and the stock breaks 40? just bail because that would imply the street is telling us something.. but..
of course dont hold back if you feel its too risky to even bother with.. but of course- with proper allocation and stop loses, what stock CANT be played : )
TIA!
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