The 2 DRAM makers have proven that the DRAM Market will soar in 2010.
DRAM is a volatile market as you have seen. I longed $MU and $SNDK when they were at $9.5 and $28 respectively. Today both of them are more than 20% up in just 1 month.
SNDK did so well, though I had more weightage in MU.
It is time to take profits in SNDK very soon since it has made a whopping 40% gain. It has definitely surpassed my target of $39.8.
Investors who bought in today are hoping that SNDK jumps to $52 which is the line I have drawn.
I am going to be conservative on SNDK. It is fairly valued. I prefer MU in the long run.
No comments:
Post a Comment