Thursday, May 06, 2010

SanDisk Corporation (SNDK) - What A Ride Today


Today was a wild ride for many stocks and  SanDisk Corporation (SNDK) was no exception. The stock opened at 41.47 and traded up to 43.08 but then the selling came into the stock in a big way. Around 2:45  SNDK began to plummet trading down to 34.00 on heavy volume. By the close SanDisk Corporation manged to bounce back and close at 39.76 down 2.06 on the day.

It's one thing to look at a chart and say wow what a move, but when you are actually trading  when volatility hits the market, it's a completely different ballgame. I'm sure there were plenty of interesting stories today regarding how volatility affected not only our portfolios but our nerves as well!

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