When I do my research on the stocks, most of the time I find some stocks that are unbelievably high or I am sure they are pumped. They stay high and that keeps me wonder what could be wrong with my analysis. As the time passes, they tumble hard and it makes me come to the belief that no stock can stay unjustifiably high for a long time. For example a while ago NFI was at $40s and they had about 15% dividend. It was too good to be true and now NFI is at $5 !!. OSTK was at $80 two years ago and I could hardly justify it to be even at $10 and now I think it should be at $13. To cust the story short, I see SNDK is overpriced (of course it is not that bad like NFI). The pumpers claim that memory market will stabilize in 2007. So what? Assume that it is true. Memory is only a commodity. There will always be price war as it is on the other semiconductor devices like processors . Price war between AMD and INTC. You can not justify P/E of 47 for SNDK. I predict very soon we should see SNDK in 20s if not lower. SNDK is a great company but ........ I trade SNDK but mostly on the short side. My post does not mean to go short on SNDK. Do your own research.