I am a fan of Mr. Bill Cara’s blog. He has many years of experiences and insights and shares many valuable information with the rest of us for free!

Mr. Bill Cara has advised accumulation zone of SNDK and MU on March 1st 2007 in his blog. (Here is the link)

Let’s see how they played out.

This is the mysql query result output. Sorry for the unformatted data. I will come up with nice HTML layout in the future.

SNDK was indeed severely low in terms of RSI7 values. Also, it is interesting that previous case of LOW RSI7 value was 3 years ago and it was only $19.

And the price of SNDK is $44.88 as of last Friday. That is more than $7 and 20% gain.

Maybe that is triggered by seveal factors -financial institution upgraded the stock to BUY and positive outlook for the increase in FLASH memory prices , but still, it is amazing!

For the case of MU, it is not doing well yet.
It was $11.86 on 3/1/2007 and was 11.59 last friday.

But it’s also interesting that MU was below 30 around 2005 in Jan and Apr lasted quite few days. So I guess for MU, it may take a little more time to recover.

Please note that RSI7 indicators are not the definitive indicator. Especially with the current volatile market condition, you need to be really careful.