Mark wants to know what I think of SNDA:
What do you think about SNDA? It appears to be oversold and ready to bounce of of its support. Would this be a good entry point, or does it appear more likely to remain in a downtrend.
I certainly wouldn't buy this stock right now. It's under all of its major moving averages, so the trend in all those time frames is down! I might consider it if it closed above the moving average that was appropriate for my trading style. For example, long term players might want to try it on a close above the 200-day moving average. But for shorter term trades I think there are a lot of better plays right now.
Update: It's interesting to note that it's still toying with that mid-30 area that I pointed out back in January
