Shorting SNDK?

Discussion in 'Stocks' started by CalScholar, Feb 27, 2007.

  1. A lot of shorts are taking profits today!

    Could be a 2 pt bounce
     
    #21     Mar 1, 2007
  2. ... IF the market stabilizes, otherwise SOUTH
     
    #22     Mar 1, 2007
  3. i'm in the 37.50s I think it will go to 38 or better
     
    #23     Mar 1, 2007
  4. I covered my short position (earlier than expected) at 36.25. I suspect the market will go up from here and perhaps up again in morning trading tomorrow. I'll reopen my short position then, hopefully in the 38.5 + range.

    Good Luck!
     
    #24     Mar 1, 2007
  5. I'm thinking thats a good spot to sell my calls, but I do think they will keep the market up until after options experation, I think they will expire a lot of march puts worthless

    this thing has been down from 62 to 35 should have some good short covering


    doesn't look like its had a more then 5.00 rally off any low since then

    maybe it goes to 40 if the market stays going up
     
    #25     Mar 1, 2007
  6. Exactly. IMO, though, we'll see a lot of red next week, which should deflate SNDK even more.
     
    #26     Mar 1, 2007
  7. #27     Mar 1, 2007
  8. #28     Mar 1, 2007
  9. I think its a buy soon. Its been in the toliet for a while now. If we head lower over the next couple of weeks people will begin to accumulate it and sell other strength in the same sectro
     
    #29     Mar 1, 2007
  10. took profits

    gonna look for something that has a longer downtrend that hasn't moved

    amln might be ok at 35.00 if it gets down there

    want to try to find a .10 that might want to run
     
    #30     Mar 2, 2007