With $SNDK earnings coming up and a forward P/E of 21, current P/E of only 17, what does everyone think, is it or other memory stocks a buy right now? Recent price targets in the $2000 range, along with $MU having an average target of $1600 show analysts expect huge moves out of both of them again over the next year. Since this sector is highly cyclical I want to hear some thoughts from people on whether they are a buy again. If not, why? I traded $MU and $WDC earlier in the year but the volatility was too much for me then, but am looking to get back on the memory chip train before they take off again. What signals do you look for to buy these stocks? Are these long holds? Quick trades? Lets hear it.
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