Anyone looking at SNDK anymore. I still have these Jan09 calls I bought when the stock was $41. Any chances that this stock gains some traction in the next weeks?.

In particular, how will the alleged news that Apple is taking all the flash drivers available in some new device affect SNDK, if this rumours are true?

[quote author=“carbonat”]Anyone looking at SNDK anymore. I still have these Jan09 calls I bought when the stock was $41. Any chances that this stock gains some traction in the next weeks?.
In particular, how will the alleged news that Apple is taking all the flash drivers available in some new device affect SNDK, if this rumours are true?

SNDK is still horribly under support.. any recovery of $40 will change the picture though. NAND pricing is key, obviously, but news of a decent deal for the licensing arrangements between SNDK and Samsung would do even more…

[quote author=“Tommo_UK”][quote author=“carbonat”]Anyone looking at SNDK anymore. I still have these Jan09 calls I bought when the stock was $41. Any chances that this stock gains some traction in the next weeks?.
In particular, how will the alleged news that Apple is taking all the flash drivers available in some new device affect SNDK, if this rumours are true?

SNDK is still horribly under support.. any recovery of $40 will change the picture though. NAND pricing is key, obviously, but news of a decent deal for the licensing arrangements between SNDK and Samsung would do even more…

Thanks, Tommo

Will be interesting to see if SNDK can build upon this intraday spike up $1.50 or so. Or, will it slip back into the doldrums. Will be watching.

[quote author=“lumi”]Will be interesting to see if SNDK can build upon this intraday spike up $1.50 or so. Or, will it slip back into the doldrums. Will be watching.

The daily chart does not look that bad now, it has clearly broken the downtrend and it had already bounced from the ultimate support of $35. I have a hope.

SanDisk Chairman, CEO Exercises Options as the stock traded around $36. Does it show a lack of confidence on the recovery of the stock, or it is because he had to do it at a particular date, with very few choices on when to sell?

[quote author=“carbonat”]SanDisk Chairman, CEO Exercises Options as the stock traded around $36. Does it show a lack of confidence on the recovery of the stock, or it is because he had to do it at a particular date, with very few choices on when to sell?

Dunno. But if he handles his personal investments the same way he handles SNDK investor relations and the analyst community, he probably sold at the rock bottom.  (Translation: He’s not very savvy when it comes to managing expectations or the health of SNDK shares)