The continuing saga at SanDisk explains just how serious are these issues. SanDisk is a terrific company, with a hot product (flash memory) " I even bought one off-the-shelf this year and I wonder how many I acquired as embedded technology " but the stock price tells you there are problems.

Today SNDK crashed. Traders did not like the earnings report or the new guidance from management. Gradually the economic problems are starting to sink in. (I only wish I hadn't listen to Ford management flat-out lie last year!)

SNDK 30-minute data chart

SNDK Weekly data chart

Anyway, here is my archive on SanDisk. I think by now everybody knows I like the company. But I'm not going to start accumulating positions until the stock gets down to the low 40's.

April 4 blog article.

March 14 blog article where I fessed up to re-accumulating SNDK too quickly. I wrote: "But SNDK has been part of the chips that dipped that I warned about as well. SNDK may eventually work itself down to the low 40's, where it should be bought again."

January 26 blog article, when I "took management's word" for a solid 2006, before I discovered that flash memory chip prices had dropped 25-percent.

GICS 45 SanDisk Corp. (SNDK) (SNDK) Financials