SNDK is a long-term buy to accumulate, not sell: though getting destroyed, it holds support and the 200-day; bearishness requires believing it cannot hold. It is blowing out earnings yet trades at P/E 19 and forward P/E 5 and a half, so it is cheap in an area where buyers step in. I added it to my long-term portfolio.
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I own one share of SanDisk. One silly little share. But I mean, SanDisk is getting destroyed.
Uh this is the most traded volume in SNDK on the way down right here. And we're we're uh holding in a very important area of support right now. Uh you know, you to be bearish SNDK here, you would have to be stupid enough to believe they're not going to be able to hold the 200 day.
Uh and this is a company that's, you know, blowing earnings out of the water and doing tremendous amounts of sales. So, you know, I I have a hard time being bearish. SN indicated in an area of value.
This is this area here is an area of value where buyers are are looking to come in and buy the stock.
So, you know, I uh I just added SNDK today to my uh my long-term portfolio. I'm not uh this is not a a place to sell in a bag. this is a place to accumulate. you know SanDisk is blowing out earnings but everybody knows that.
And these are not expensive stocks. SNDK right now has a P of 19, a 4 P of 5 and a half. Are you kidding me?
our our good friend Warren Buffett used to say uh be fearful when others are greedy and greedy when others are fearful. Uh this is uh I can't think of a stock this would apply more to than uh than SNDK right now.
we know you you like SanDisk. We know you like Micron even more.
What this channel has said about $SNDK
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