Serious for one moment... I spend a lot of time here bitching about the comings and goings of SNDK or Sandisk Corp. Please take my comments in that vein. I am merely complaining and I do not suggest you buy/sell based on these comments.

With that in mind, SNDK reported earnings last night and beat expectations. Great, right? Wrong. They also warned that the next quarter will be lighter and that there is pricing pressure in the flash memory market.

Ok, so the stock tanks ($8+) in the after hours market, the Yahoo Finance Message Board lights up and all the little chickens are running around without any heads...

Keep in mind a couple of things:
1.) Stop losses, selling into pressure are for SUCKERS.
2.) Our basis in this stock is $21 something, we can let it run...
3.) Our entire holding, even after a 200%+ run up is 2.3%. Remember, we have 60+ positions.

These aspects of the stock and protfolio tell me we can afford to let it hit our number of $79.

As I write this, SNDK is only down to $66+/- . We made $3 hanging on...

Sorry about the seriousness of the post, we will return to the Moronicon in the next post.  ¶ 9:31 AM