Tuesday, October 20, 2009

Earnings play: SNDK

Scaled into a small 200 share position ( 50 share lots) averaging $21 a share throughout today on Sandisk because of the Apple earnings explosion today. Sandisk blew away estimate earnings after the market closed and ran right up to $24. Scaled out of the position in 50 share lots from 23, 23.5 & 24. Made about $450. Was able to trade it with Lightspeed too and made about $170. This was a good easy earnings play. Kinda makes up for missing Apple. Ironically I usually don't do earnings after hours but this was a no-brainer.

Tech all week.

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