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Shorted SNDK At $49.35

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February 08, 2011 – Comments (0) | RELATED TICKERS: SNDK

Added a new position with Sandisk (SNDK) which was upgraded this morning by Sterne Agee. The stock continues to rally on declining volume, and managed to find some resistance right at the descending trendline. Optimal risk and reward here as my stop is very tight going into the trade. Not to mention of course, that it is trying to complete a monster bear flag pattern.

Here Is My Chart For SNDK.

  

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