Sandisk (SNDK) moved a modest +5,000% in a year’s time. There have been a series of basing patterns along the way, but I’ve got to say, the most recent one is awfully puny. Unless it breaks out above this little dish with some real gusto, this stock might get its first downdraft in human history. With a P/E of 54, it’s pretty much priced for perfection and endless growth at these levels.
