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hiker

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Reply with quote  #1 
note the move below the recent weekly price channel, but some longer term weekly trendlines remain in play...the weekly 50 ema is some distance below.

http://stockcharts.com/gallery/?sndk

today's action tried to fill the unfilled Dec. bullish gap, and note support in the $52.50 area that held on today's low




15:55 - note the resistance area that held at today's rally high, represented by the declining trend channel on the daily....this trend channel can easily be seen on the 30-minute.






fyi only -

14:28 SNDK SanDisk: MU-LEXR combination not negative for SNDK - Amtech (53.36 -3.18) -Update-

Amtech says they would be buyers on this SNDK weakness because it fundamentally doesn't change the dynamics based on their supply and demand model. Even with MU buying LEXR, firm believes SNDK will still maintain 20-25% mkt share from NAND chips and 40-50% mkt share in the NAND flash card market. Firm believes that the way to think about this deal is that it is very good for LEXR because it takes the co out of the difficult situation of being a fabless NAND flash card player. Also, firm does not believe the competitive landscape will change much, since they think SNDK has a significant price advantage over MU. Reits Buy and $100 tgt on SNDK.



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hiker

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Reply with quote  #2 
10:02  SNDK SanDisk trades lower off the open to test this week's low of 52.63 (52.53 -1.00) -Technical-

Note the December 15 bullish gap b/w 52.14/53.00 as minor interest area.


http://stockcharts.com/gallery/?sndk

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hiker

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Reply with quote  #3 
http://stockcharts.com/gallery/?sndk

approaching the 65.76 to 67.50 price zone on the chart.

a horizontal resistance line speaks for itself on the chart at about 65.00

weekly and daily channel support remain in play

note current price action relative to the downtrend line on the weekly

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hiker

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Reply with quote  #4 
9/14 intraday -

Piper Jaffray raised their price target on SNDK to $69 from $54.

needs to surpass horizontal resistance just above recent highs in order for the current advance to continue:

http://stockcharts.com/gallery/gv?sndk

note the PnF chart in the link above for the significance of the horizontal resistance recently tested




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hiker

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Reply with quote  #5 
9/19

http://stockcharts.com/gallery/?sndk

sellers emerged on the two recent intraday moves above $60.


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hiker

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Reply with quote  #6 
10/20 intraday

earnings selloff today...note the $52 Oct. low, and the downside move below the 55-week ema.

PnF chart has changed today to a bearish configuration for now...PnF chart shows significance of this test of prior support near $50 if a trader looks to the left -

http://stockcharts.com/gallery/gv?sndk

The top of the unfilled July bullish gap is just above $45.



weekly chart showing horizontal support -



should a trader trust these downgrades today on a test of major horizontal support?

note the price action vs. the rising bottoms trendline on the weekly, and the uptrend line on the PnF chart.....will these levels below $50 be tested on this bearish sentiment before a bounce is sustained?


UPGRADES & DOWNGRADES HISTORY
DateResearch FirmActionFromTo
20-Oct-06CitigroupDowngradeBuyHold
20-Oct-06OppenheimerDowngradeBuyNeutral
12-Oct-06CIBC Wrld MktsDowngradeSector OutperformSector Perform
6-Sep-06Matrix ResearchDowngradeHoldSell
24-Aug-06Caris & CompanyUpgradeAbove AverageBuy
18-Aug-06Matrix ResearchDowngradeBuyHold
10-Aug-06Piper JaffrayInitiated Outperform
31-Jul-06CIBC Wrld MktsUpgradeSector PerformSector Outperform
25-Jul-06Robert W. BairdUpgradeNeutralOutperform
25-Jul-06JMP SecuritiesUpgradeMkt UnderperformMkt Perform


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hiker

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Reply with quote  #7 
10/25 intraday update -

bottoming action complete for now?  Note the ADX +DI

near-term horizontal resistance is near $50




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hiker

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Reply with quote  #8 
12/12 intraday

see PnF chart for significance of this horizontal support level being tested today..today's price action attempting to completely fill the July bullish gap -

http://stockcharts.com/charts/gallery.html?SNDK



today's low so far is marked to show proximity to horizontal support -




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hiker

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Reply with quote  #9 
1/26/07

Date

30-Jan-07Earnings announcement


price closed today at $42.73 vs. the $42.47 shown in the December post above...is the bottom in now, and a sustained advance about to start?

$40.96 to 41.27 appears to be holding as the horizontal lows for now....

the PnF chart reveals that supply remains in control for now -

http://stockcharts.com/charts/gallery.html?sndk

60-minute chart -



60-minute chart showing Friday's advance stalled at the 200 simple moving average



daily -



lifetime weekly -




UPGRADES & DOWNGRADES HISTORY
DateResearch FirmActionFromTo
13-Nov-06UBSDowngradeBuyNeutral
8-Nov-06Caris & CompanyDowngradeBuyAbove Average
23-Oct-06Matrix ResearchUpgradeSellHold
20-Oct-06CitigroupDowngradeBuyHold
20-Oct-06OppenheimerDowngradeBuyNeutral
12-Oct-06CIBC Wrld MktsDowngradeSector OutperformSector Perform
6-Sep-06Matrix ResearchDowngradeHoldSell
24-Aug-06Caris & CompanyUpgradeAbove AverageBuy
18-Aug-06Matrix ResearchDowngradeBuyHold
10-Aug-06Piper JaffrayInitiated Outperform


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hiker

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Reply with quote  #10 
1/30 intraday -

Today, Tue, Jan 30, 2007
[$$] A Pair of Tech Previews
at RealMoney by TheStreet.com (Tue 1:22pm)
Q4 2006 SanDisk Corp. Earnings Release - After Market Close
CCBN (Tue 7:07am)
Streetwalker: Five Beaten-Up Blue Chips
at Forbes.com (Tue 6:00am)



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hiker

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Reply with quote  #11 
1/30 summary of after hours' session

more than 2X average daily volume traded tonight

source:  nasdaq.com

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
After Hours
Last:
38.30 After Hours
High:
$ 43.25                                                                                
After Hours
Volume:
25,677,008 After Hours
Low:
38.12





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hiker

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Reply with quote  #12 
3/22 close

daily



weekly...note price action vs. declining tops trendline




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hiker

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Reply with quote  #13 
4/12 close

weekly -




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hiker

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Reply with quote  #14 
6/22

note current price action vs. d/t line on the weekly and on the PnF chart -

http://stockcharts.com/charts/gallery.html?sndk

gained 3% this week, and closed within a $1 of its weekly high.


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