I think that SNDK is still dangerous from a TA point of view. It dod not manage to get above (less so close) the $53.20 for any length of time last Monday, despite the Naz making a valiant effort at running to 2100 on Wednesday and Thursday (and the Dow actually making a new recovery high). I think that the support in the $47/$48.5 area is in danger of being taken out, if indeed we continue with the late winter retrenchment in the Naz. If 47 is taken , we could have a very fast $5 to $10 drop ($37/$42) . If you like playing with fire, sure, buy around $49 with a stop at $46.95 (print, close $48), and try again lower.
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