SNDK

SNDK: Remains attractive with the rest of names in the diskdirves group. Other name also inculdes FLSH.

Key support level with exit level at $45
A potential upside move closer to $55 ...

Worth noteing is the stregth of DDX: Amex Disk Drive Index remains above 50/200 day mva. with solid performance.

From SeekingAlpha.com
http://ce.seekingalpha.com/article/19748

The explosive growth in the use of digital cameras and MP3 players combined with the demise of the floppy drive has been a boom for companies that make flash cards and Universal Serial Bus [USB] drives. Milpitas, California based SanDisk (SNDK) makes flash memory cards for digital cameras, MP3 players, the Cruzer line of USB drives and gaming cards for use in Sony's PlayStation Portable [PSP].

So what attracted me to this well known company that I felt was overvalued just a few months ago? While the stock has retreated from a high of almost $80 in January to the current $48.10, the company has released an exciting new line of MP3 players, acquired a key competitor and is well positioned to benefit from the launch of Microsoft's new operating system Windows Vista in 2007.

GLW: Corning

GLW: Appealing pattern of near-term consolidation following a significant sell off since may highs and failure in recent attempted recovery.

Oversold conditions offer an attractive risk/reward with defined exit levels.

Similar behavior is exhibited in other technology names like AMD and SNDK.

Clearly, three tech names are in different groups and fundamentals suggest stock specific stories to justify recent declines. Regardless, I view these names as quality, high-beta tech names that are neglected by the street.

Market appears satisfied with current levels but thinking ahead suggests that current levels should offer a recovery bounce within trading range. And a pending profit taking in big winners like CSCO and ORCL can lead to rotation into non-extended names. Rather long bottoming tech names than short leadership at today's level.
Given an upward sector bias in technology combined with current extreme mispricing - like this bet!

Commodity related names on the watch list VLO, PEIX and CCJ.