SNDK is basking in the glory of a great earnings report........
Goldman & Citigroup have raised the estimates for 07 & 08.......
08 estimates are hovering in $3.05 to $3.08 area.......so even @ $60 SNDK trades @ less than 20 PE.......
Price target for SNDK has been increased to $65...from $53......
SNDK generally trades for HIGHER than street price targets....as evidenced by $57+ trades recently while the target was $53......prior to BLOWOUT ER......
Najarian continues to speak like a "person who lacks COMPREHENSION of a great company & outstanding ER as aggressively pointed out to him by Dylan Ratigan last night on Fast Money"....I do understand his bitterness because he must have been LOADED with PUTS on SNDK along with his buddies......and we all know they are going to be "0"........
Eric Bolling continues to talk GOOG UP...even after a "shocking ER".......he is PRETENDING that GOOG is trading ABOVE his so called support of $513...REALITY GOOG was trading last night @ $ 508-$509.......they are not known to deal in FACTS lately.....
GOOG is the new MSFT......dominance but GROWTH is history.......GREAT company NOT a GREAT stock......
YHOO has much BETTER chance to achieve $35 in the next 12 months...a 35% appreciation....a TURAROUND company but a GREAT stock going forward......It PAYS to spot/know the difference......I am down $1 on YHOO and GOOG RARA gang is down $50 & counting......
GOOG price target has been cut by Bear Stearns to $550......Ah those $600 "dreams are history"....last trade $508 @ 7.55 AM......
Jim Cramer sends his apology for writing GOOG on his "knuckles and jumping for $700 to $2000 targets"
Jordan Rohan the RARA analyst will be careful in bad mouthing YHOO now.... and hopefully will have a REALISTIC target for GOOG like $525 from $700......a mere drop of $175...only 25% DROP expected in targets.....so this is how a great company FARES in the REAL stock ARENA.....
Even GOOG lousy earning is not dampening the spirits on wall street today.......this BULL wants to go DEEPER in 14000++++ area......
By the way Najarian just discovered AAPL last night...he is claiming that AAPL has not gone UP much...REALITY AAPL was @ an All-time HIGH yesterday and is further deep into new HIGHS in pre-market......I wonder what Najarian smokes......he sounds like he needs medical intervention in a HURRY .......
Enjoy Friday OE and GREEN close.
BLOG does not give buy or sell.
Saleem
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