I have a collection of stocks that I am interested in, but with this week’s stocks going down below 12,000, there appears to be plenty of bargains to be picked up.  SNDK was downgraded by CITI which dropped it’s price 9%.  This is an excellent time to start purchasing Sandisk.  For the long term, there will be stateless hard drives which will bring them strong into the market again.  I also do not see much downside to the price.  It would be a 5 year low if it hit $20.  I can’t think of anything more conservative than that especially for a company that is running most of the flash memory in the electronic devices we use everyday.  I will see what happens on Monday and I will most likely put in a purchase to get some more stocks on the cheap.

Surprisingly, CDE moved up a fat 11.3% before the day closed.  There must have been some type of short squeeze.  There is major after-market selling bringing the price down to $3.14.  I believe this will open on monday above $3, and it will eventually move up.  I do not think there was any major news to which would cause this surge in the last 15 minutes of the stock market.  I do wish I went in before $3, but time will tell if I get another chance.

Added 6/21/08: Here is an article on the uptick: http://www.tradingmarkets.com/.site/news/Stock%20News/1702954/