SanDisk, maker of flash memory chips, fell $1.73, or 3.2 percent, to $51.83. The stock has traded in a 52-week range of $35.82 and $62.24. JPMorgan analyst Paul Coster reiterated an “Overweight” rating on the stock Monday and said NAND-based solid state drives could make a “material contribution” to SanDisk’s earnings in 2009.

Big drop today on no specific SNDK news that I’ve seen.  I’ve positions in long and trading accounts.  Was short from 53.74 in trading accounts to hedge bumps until earnings.  I’ve covered (52.05) on this sell off and started to reload here at 51.71.  I continue to roll AAPL profits into other high potential but lower current valuation names notably SNDK.  Anyone else looking to ride the NAND Demand pop coming?

I’ve been thinking about it but haven’t done my homework on these companies.  SNDK does seem to be volatile lately.

[quote author=“dynein”]I’ve been thinking about it but haven’t done my homework on these companies.  SNDK does seem to be volatile lately.

Lately? lol.. as in the last 18 months
Its all panic about NAND pricing. Same old story.

Sorry, I’ve only been watching it for 2 months or so.

Ive been in SNDK for about 2 months but Im down about 4 points.. Got in too high….....each time I thinkIm gonna get back to even seems we get a uncalled for drop on no news.

Just gonna hold and wait it out. I have been actively adding to my AAPL and NVDA on the dips, got a great deal on some more NVDA common the Friday before Fed rate cut.

If SNDK had been a little less volatile I would add to my position on dips but I just cant seem to get as good a read on it as my others Im watching.

Long term I think SNDK is a great play so Im happy just waiting it out.

Keep an eye on SNDK up 2.81% (~53.70) today well below the $60+ AH high after last ER.  It’s the sleepers I’m hoping to fly for me.  Pretty sure everyone’s already discovered AAPL and priced in perfection IMHO.

Quadra, disagree w/ you on AAPL (I believe major surprise product announcements will arrive in the next four months) but I, too, am overweighted w/ SNDK and expecting it to ramp back up. I’m up nicely now but holding for more. Given the thesis in play with SNDK I may end up holding it indefinitely.

Quadra, disagree w/ you on AAPL (I believe major surprise product announcements will arrive in the next four months) but I, too, am overweighted w/ SNDK and expecting it to ramp back up. I’m up nicely now but holding for more. Given the thesis in play with SNDK I may end up holding it indefinitely.

Yep, at 1/3 the price of AAPL and a much less appreciated valuation plus more % upside IMO.  I see excellent leverage and opportunity with SNDK.

Not sure where the surprise comes in for Apple’s Oct announcements.  Already announced Leopard 10.5 to ship in Oct,  Other rumors already out and anticipated: Flash and updated Macbook’s, New LED,  and the need for an update to Apple TV, before the holidays…  I see all of those more or less priced in here. Any new category killer products (Flash tablet, etc.)  will hold off until macworld Jan 08.  Check what happened after the last Macbooks were intro’d ...  stock dropped a bunch.  rumor/news!

Wondering if some of SNDK’s strength today is due to Amazon launching DRM-free service and the notion that this might benefit the cheap mp3 players, especially the Sansa. This is not a factor in my long-term bullishness for SNDK, but wondering if the Amazon news is a driver for today’s SNDK gains.

likely many factors ...  but as you’d noted must have added to the mix.  SNDK IMHO is a great story and expect solid returns on my shares.  SSD should be huge!

New plant in China to be built, SNDK up 3%+ on the news.

Also:

SanDisk to sell solid-state drives to systems integrators
08:16 a.m.  09/27/2007 Provided by
Sept 27 (Reuters) - Flash memory chip maker SanDisk Corp (SNDK) said it will offer its line of solid-state drives for resale to the system integrator community through select U.S.-based distribution partners. The company named Ingram Micro Inc, D&H Distributing and Bell Microproducts as U.S. distribution partners and said the shipments of the 32GB units are expected to start in October.
System integrators are those who create personal computers or other devices from acquired components. (Reporting by Bhaswati Mukhopadhyay in Bangalore)

I took liberty and sold about 20% of my SNDK @ 55.01 and 55.31…  Guessed this pop might not hold.  Will likely re-buy later.

Edit: sold another 10% at 55.55 ...  Felt like trading a little as I sense during this mark up period short stops are getting blown.  Whatever happens I’m planning to reload what I’ve sold early next week.

From Reuters and elsewhere this a.m.:

Sales of NAND flash memory chips, used in digital gadgets such as cameras and music players like Apple Inc’s (AAPL.O: Quote, Profile, Research) iPod, were up by 48 percent as supplies tightened and prices firmed, the association said in a statement.

SNDK looking closer to a buy…  tested 54.50 yesterday and ran almost to 56 this morning…  dropped below 54.80 for a second…  I’ll start nibbling soon…

[quote author=“Quadra”]SNDK looking closer to a buy…  tested 54.50 yesterday and ran almost to 56 this morning…  dropped below 54.80 for a second…  I’ll start nibbling soon…

I’m keen on SNDK too - its obviously poised for a decent breakout or a sharp pullback. NAND pricing weakness seems to be what’s holding it back, never mind that demand is so high they literally can’t meet it - Toshiba recently said “that’s all folks - we’re booked up - go elsewhere.”

I’m dithering though. Twice bitten, thrice shy…