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Jumping on the Sandisk Train

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  • Description

    FBN’s Charles Payne with his investment picks for today including Sandisk.

  • Duration 2:04
  • Date

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This transcript is automatically generated

It is that makes money would trust me this hour we're looking at a California based tech company child is now Lott's timing -- says yeah.

-- and stuff that in.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- SanDisk is the stock and the stock you know we played -- before it's -- back a lot lately I think I'm not sure why it's pull back some months you know.

Lately they've been going pretty well last coming reported that -- -- -- -- by 46%.

Next year's fiscal earnings estimates continue to climb three months -- -- three bucks -- 348.

The valuation looks pretty reasonable to me twelve times earnings and what I like this week the last three sessions the volume on the volume god -- I believe like 98% of everything that happens in a market people know ahead of time.

I'm not that -- but maybe by I think that volumes I just wanna trade and I want to restore this thing right now affected pretty good again today.

They broke key resistance yesterday my next target will be 45 a longer term in the fifty bucks an -- like this price.

I really do I you know and it's one of these things and -- the Flash Memory and always kind of different things that go into it and it can't be a very volatile stock it's a classic momentum.

When it that when it gets gonna what direction they -- gone to big time just flies this opens up to what I expect extensive insider selling.

There has been some insider selling and it worries me but not to -- -- it's so funny you said because I regard -- big insider buying.

Is a huge buy signal but large insider selling that as much of a sell signal.

You know there's a state mining and things like that is doing.

Sometimes you know you have estate planning and I -- someone had ten million shares and -- sold 9000999.

Next audio flag but it still ahead you know two million shares they still 200000.

Listen a lot of people watching this show right now worked and Enron or WorldCom and had all their money in -- and in which strips sold just a little bit of itself parents -- it at the yellow flag at a red flags and tax planning any kind of credit that yeah it's true -- and I got in --

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