The market struggled with a chip-wreck Wednesday, with semiconductor stocks having their worst day since the broad market selloff on February 27th. But flash memory maker Sandisk (SNDK) bucked the tide on an upgrade from JP Morgan. Is SNDK a life jacket in the sea of tech carnage?
Pete Najarian says there’s been a lot of unusual activity in SNDK options. As a trade, he recommends taking profits off the table.
Pete adds that as an investment, he likes Sandisk long term.
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