SNDK the big SHORT

[sy244]

I don't understand why SNDK is so strong above $40. The stock is based on the super cyclical commodity NAND, yet it is valued at Forward PE of 12X. Isnt this asking too much for a commodity stock? Look at MU, it has been slaughtered to $7.7, while SNDK is being pumped... This is definitely a big pump by many retail brokerage, calling their big investors to buy SNDK, telling all the old fellas there with lots of cash to buy SNDK, telling them that it may pop to $60.

I think SNDK is overvalued. It should only be given a forward PE of 9 - 10X. This is a bubble. SNDK has risen from 15 to 50 and failed to break 50. Funds might have gotten out. Samsung is increasing production, while the short term tight supply might sound good for the stock, the long term excess supply is gonna be a huge problem. Reason being that WEB 3.0 might kill NAND, as most stuff can be kept on servers on the Internet, and not needing to be stored in our devices.

IPAD yea big hype.

SNDK short to $35.

[unitedfever]

that's because NAND supply will be tight for many years to come. We are in a cyclical uptrend now, it is wise to get into SNDK.

[supermum]

This is the best PICK!!! SNDK is indeed the biggest short. Careful though, now it is time to get out of short positions.

I will long SNDK at $33

[unitedfever]

it seems like the support is at 32.1

Adding long positions there.