Today, there was a 10 point gain the Dow, but there was still massive drop-offs in stock prices. SNDK dropped 4 percent closing to near $25. I think flash memory will definitely become bigger and with state-less harddrives the next big thing, they will only continue to grow. I will be looking at this stock in the future and I’m setting a target below $25 before I put any action into it. There is a good potential it might go down furthur, but as a stock to hold for at least 2 years, it will have some big gains for sure.
Another stock that has good potential is the newspaper stock GCI. It has dropped from a high of $90 down to $26 in the past year. This is attributed to loss of revenue from advertising. Garnett Co, Inc. is a newspaper company holding popular ones such as US Times and a bunch of local city companies. It is also growing internationally and building websites for all it’s 100 or so newspapers. I believe it will find a way to pull through and the value of the stock right now pulls in a 5.8% dividend, not too shabby!
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