Sandisk is going to break its resistance at $51 very soon and the stock could actually see $60s…
The DCF is so sensitive. A small tweak can change the price from $37 all the way to $70.
I still have to find out their change in working capital.
Sandisk was my most successful BIG SHORT where I shorted it at $50 and wanted to cover it at $25 but it could not happen. Nevertheless, I have already covered the short at $35s.
Now Sandisk might be heading for a long run!
This is a risky tech play. But the returns are not too bad if you had gotten in early.
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