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Tuesday, February 20, 2007 

SNDK still trading in a downtrend

Chart courtesy of stockcharts

Shares of Sandisk rose today nearly 1% to 40.52$ after said late Friday it plans to cut 10 percent of its workforce and trim executive salaries to compensate for a recent collapse in price for memory chips. The technical chart above shows that SNDK still trading in a downtrend, I'm still cautions.

Stocks to watch tomorrow : HPQ , MDT , NFI

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good evening !!!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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