$Invesco QQQ(QQQ)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ SanDisk is currently selling around $330 million in memory per day, with about $83.3 million allocated to buybacks each trading day. That buyback amount is subject to increase every quarter, and by 2030 it's expected to exceed $200 million per trading day. The current allocation sits at $20 billion, with expectations of reaching $50 billion per annum in buybacks by 2030. That is worth sitting with for a moment.
$SanDisk Corp.(SNDK)$ CEOs at some of the most successful companies in modern times keep saying memory demand is outstripping supply for at least 3 years. Prices have already moved higher and continue rising as demand grows year after year. SNDK is trading at a PE under 10. This company looks massively undervalued.
$SanDisk Corp.(SNDK)$ Sellers look like they are running out of shares to move, or at least running out of room to sell while staying in the money. Selling pressure has been getting weaker. I think we could see 2k by September 15, about two weeks out. Mark this post.
$SanDisk Corp.(SNDK)$ Management just said they will do $10-$15 billion in share buybacks every quarter for the next two years. Being short here has to feel uncomfortable.
$NEBIUS(NBIS)$ $SanDisk Corp.(SNDK)$ Shorts are going to get burned here. There have already been a couple of pop-and-drop moves, but the next one looks like it could keep running higher. They're playing with fire.
$SanDisk Corp.(SNDK)$ I had my upper line in the wrong place because my phone screen is too small to see the whole thing. We could push up another 20 bucks if we wanted, and make the handle here on the 1hr chart. Probably some consolidating between 1620/30 and 1580/70ish for a while. Then back to at least 1825/1936.