$SanDisk Corp.(SNDK)$ Even Tesla got cut around 75% at one point and still bounced back to ATH. Time is on our side — the numbers, profits, revenue, EPS, analyst targets, plus the balance sheet and earnings are all there too. Staying strong.
$SanDisk Corp.(SNDK)$ I'm long 200 shares and down high six figures... correct my math if it's wrong. If Sandisk drops 10% a day, that means the stock is worth essentially zero dollars by next Friday, right? At some point, these institutions have to buy the stock, don't they? I mean, they have reputations to maintain, and investors to answer to. This stock is almost fully owned by institutions — it's not a retail play like Micron. So what the actual f? Down 46% in 5 weeks.
$SanDisk Corp.(SNDK)$ Call options sweepers are loading up heavily. The stock is rebounding steadily near $1,630 intraday. Whales just poured another $10M+ into August calls, seemingly front-running SK Hynix's thesis on prolonged AI memory shortages and booming NAND demand. Smart money looks to be accumulating aggressively at key support, coiling up for the next high-momentum breakout.
$SanDisk Corp.(SNDK)$ Options are being manipulated, but I'm sticking with my original price targets. There's no real resistance until we see $2800. The fair value still looks like $4200 to me. The "Gold Rush" target remains at $8500. The best sell point, in my view, is around $9200.
$NEBIUS(NBIS)$ is up 18% and $SanDisk Corp.(SNDK)$ is up 14% into the close. The momentum looks strong, with buyers not letting up. After a move like that, staying bearish gets a lot harder.
$SanDisk Corp.(SNDK)$ The stock could see a significant move higher going into earnings, and potentially a big gain after the report, maybe 30% in a single day.