$SanDisk Corp.(SNDK)$ Volume hit its lowest point yet in the last session. It is hard to take this pullback seriously when it looks more like short traders playing with fire, especially with MU earnings just around the corner.
$SanDisk Corp.(SNDK)$ If President Trump strikes a deal with Iran, SNDK could possibly go green by end of day, and hopefully we see a 5% - 10% move up after that. This is my opinion.
$SanDisk Corp.(SNDK)$ Not sure where the idea comes from that Trump would allow China chips into US companies. No way that happens. He just added more Micron to his portfolio.
$SanDisk Corp.(SNDK)$ Congrats to those who stayed disciplined enough to grab this at a discount over the past few weeks. For everyone else, buy high, sell low.
$SanDisk Corp.(SNDK)$ If it clears $1821, the first stop looks like the July gap fill at $1909. From there, the path higher to $2200 and ATH could get choppy. I think $2500 before Christmas is possible.
$SanDisk Corp.(SNDK)$ The sell-off was completely expected. It dropped a bit harder than I thought it would, but now we're on the road to fill the $1909 gap from July. We may see an all-time high this year.
$SanDisk Corp.(SNDK)$ Ladder shorting continued through the late morning. Price is down 50 from Friday and down around 100 from the daily high. Fund selling, profit taking from the inclusion, and the subsequent ladder shorting all piled together with people dumping calls. This looks like the buy point where institutions step in to defend price. SNDK was up 22.5%, or $338, from the low last Wednesday. The price is now down 100, or 30% of that $338 gain. Since funds were the ones that started buying at the $1740 level as part of the inclusion, that's likely where they begin defending price, and they can afford to absorb more shares with the drop. The price action doesn't represent SNDK. It represents typical mark
$SanDisk Corp.(SNDK)$ SNDK has generally moved up more than Micron, but right now it seems to be going the opposite way, which is widening the percentage gap between the two. Feels like SNDK needs to catch up a bit here.
$Invesco QQQ(QQQ)$ $SanDisk Corp.(SNDK)$ I'm going all in on SNDK. The DRAM space looks strong, and the SMH ETF is holding up well. SNDK also tends to have a solid run-up on Fridays.
$SanDisk Corp.(SNDK)$ A nice spike in shares might be coming soon. There should be some serious buying pressure when Sandisk gets added to the MSCI World 100, since index followers will be in the market adding shares. I think we test $1700.
$SanDisk Corp.(SNDK)$ Tom Lee said in a live interview that the S&P 500 will reach or exceed 8200, with the close at 7667. I've always felt Lee sets the standard for financial honesty, and he's always right. So it seems like a big Wall Street uplift could be coming within two weeks or less.