Jim Cramer Notes “I Am Always Going to Miss a Stock Like Sandisk Because My Disciplines Will Betray Me”

Sandisk Corporation (NASDAQ:SNDK) was among Jim Cramer’s recent stock calls on Mad Money. Referring to Cramer’s previous caution on the stock, a caller noted that it has surged 85% since January despite unchanged fundamentals and asked for an updated outlook. He replied:

I’m glad you brought this up. I’ll tell you why. Because my discipline has, from time to time, betrayed me. I have said when a stock’s moved this much, what you have to say is you’ve missed it. That was not true. It turned out that it had the rare staying power that I’ve almost never seen in my career… So I am always going to miss a stock like Sandisk because my disciplines will betray me. But they will, over the long term, make me a lot more money than they will if I had, just had no discipline at all. But it’s important to always remember that sometimes your styles, your traits, your disciplines may betray you. It did it with Sandisk.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.

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