$SanDisk Corp.(SNDK)$ The current price looks like an early Halloween treat. Shorting under $1,300 seems like a setup to get tricked. It traded at $1,906 on 9/22 before the FUD around CXMT started. I think it gets back above $1,700 by the earnings report on 10/29, with record earnings and an additional stock buyback to be announced. I'm covering and going long.
$SPDR S&P 500 ETF Trust(SPY)$ You could see how the AI would play it — squeeze to the POC, lock in gains, jump into puts, rug pull, quick scalps. The AI is quick.
$SanDisk Corp.(SNDK)$ The current price looks like an early Halloween treat. Anyone selling or shorting under $1,300 is getting tricked. It traded at $1,906 on 9/22 before the FUD around CXMT started. I think it could get back above $1,700 by the earnings report on 10/29. Record earnings and an additional stock buyback are still to be announced.
$SPDR S&P 500 ETF Trust(SPY)$ Probably time for a market bounce this week. VIX touched the top of the range. I'm buying the dip. Earnings season is upon us.
$Serve Robotics Inc.(SERV)$ Looking at the open interest on those 2028 $3 calls... yeah, about 50% of that is mine. $SPDR S&P 500 ETF Trust(SPY)$ you see those Nov 777 calls? That's me too, I have around 2% of the open interest there.
$SanDisk Corp.(SNDK)$ For anyone holding shares at a higher price, this looks like a reasonable time to average down. Shorts have substantially oversold it with the earnings report approaching on 10/29. The stock traded above $1,900 less than a month ago. I'm expecting record revenue and profits, along with an additional share buyback announcement. News should be coming.
$SanDisk Corp.(SNDK)$ SNDK is a good example of market manipulation driven by meritless AI claims. The company is doing well, but its current and future financial performance keeps getting ignored.
The 10Y yield has been falling all day along with the market. At this pace, the 10Y yield could break under 5%, which would be great. The PPI report is going to determine where the market goes from here. It looks like a hot PPI is being priced in with the additional market drop. So if PPI comes in line, the market could actually see a recovery rebound. If PPI comes in hot, it could repeat the same kind of drop. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ TNX $iShares Semiconductor ETF(SOXX)$ BTC.X
On $SanDisk Corp.(SNDK)$ , shorts likely need to cover to lock in gains driven by fear-driven news that got treated as fact. There's been too much misleading negativity around semiconductor names, which let shares get taken from weaker holders. The current price looks like an early gift. Back above $1,700 by the earnings report on 10/29, with record earnings and more buyback details still to come.
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF(GUSH)$ $SPDR S&P 500 ETF Trust(SPY)$ I don't get the bearish sentiment here. Nothing has actually been done to bring fuel prices down, just minor tax cuts and a small deal with Russia that only covers about 1.5 days of supply. This war isn't going to end anytime soon, and things aren't going back to how they were. It could end up making Vietnam look like a very short campaign.
$SanDisk Corp.(SNDK)$ The drop feels unfounded. SNDK is making money at an alarming rate and it looks like that pace can continue for at least 2 years. US companies building out AI need non-Chinese memory in GPUs, so the business isn't going anywhere. Hoping this pre-market red is just a head fake, because the earnings suggest the stock should be much, much higher.
I bought $SanDisk Corp.(SNDK)$ two weeks ago, it dropped 11%, and I nearly panic sold. Then I read that this stock went from $36 to $1,590 in a year. I'm never selling anything again. This is what my financial advisor meant by "volatility is opportunity," right?