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 Technology Stocks : SanDisk Corporation (SNDK)

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To: Michael Kim who wrote (46493)10/22/2010 4:31:46 PM
From: SamRead Replies (2) of 54967
 
.I expect that some longs will surely throw in the towel and move on.

Michael, they clearly have.

Which, really, is the point to the action today, IMHO.

I know BH will be oh so sensible, and say I am leaping to unwarranted conclusions from a baseless assumption, but--IMHO, there are people with money who want to keep this stock down, and what happened today is a good way to do just that. After all, a good deal of trading is just "psychology." Having the stock sell off after a great report is a great way to set the psychology as "bearish." Many people will doubt their own bullish thoughts in face of a declining stock price. And will doubt bearish thoughts in the face of rising prices.
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