SNDK ready to please believers ???

SNDK has been on a major downtrend since Jan 06 when it reached $79.80 on a intraday basis.

This 18 month downtrend was accurately predicted by wall street...as the price for flash,nand & all memories crashed due to oversupply and market share focus.

Now we are on the VERGE of better pricing and shortage going to develop as we move forward.

Let us see what wall street is projecting in terms of numbers for SNDK:

Sales Q2....$789 million
YOY...........+9.7%

EPS Q2.....+15 cents
YOY..........decline from 58 cents

Sales 12/08.....$4.52 Billion
YOY...................+24%

EPS 12/08...........$2.10
YOY..................+46.1%

As the numbers are telling us......we are entering a very strong GROWTH cycle for SNDK.

SNDK being the leader in flash memory which is being widely used in everything from digital camera,mp3 players ,ipod,video pod & now iphone is expected to use all the available supply.

The iphone debut on june 29th and use of Flash drive in laptop is FIRMING UP the prices.

As is always the case we go from oversupply to shortage.......

SNDK has been OVERSOLD and has improved technically also.

SNDK is now trading ABOVE 50,200 dma and above 40week moving averages.

On friday SNDK took out its six months high of $46.30 and closed @ $46.40.

SNDK CMF is GREEN.

SNDK has a very good chance to reach analyst average target of $50.

P&F charts has a target of $64.

So wall street is getting all warmed up for everything FLASH as it uses no battery power.

SNDK also gets substantial revenue from licensing for its patents.

Please do your OWN due diligence as I own SNDK for my portfolio.

BLOG does not give buy or sell.

Saleem