$SanDisk Corp.(SNDK)$ 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.
$SanDisk Corp.(SNDK)$ Being added to the MSCI index is what drove this. Institutions were buying. The next open should be rough for shorts, with a lot of covering likely, especially if there's leverage involved. It wouldn't surprise me to see a 10% gain right out of the gate.
$SanDisk Corp.(SNDK)$ Sentiment looks bearish, but what's actually happening is consolidation of liquidity, and buyers did step in last week. With the uplisting, shorts are scared and will try to squeeze out a couple more percent. But this setup should burn them. Forget the news and market conditions, this is going to run. Volume should be huge, and the company could help by buying back shares at the same time, which would be a smart move. The stock is severely oversold and beaten down, so it finally looks ready to run again.
$SanDisk Corp.(SNDK)$ Sandisk (SNDK) is backing a $31 billion Japan flash memory expansion through 2032. Looks like a positive development for next week.
$SanDisk Corp.(SNDK)$ Everything AI-related is getting hit hard right now. It looks like money is rotating back into crypto. That makes sense to me — who wouldn't want to be positioned at this level ahead of the next bull cycle.
$SanDisk Corp.(SNDK)$ Price is stuck in a pretty wide support and resistance band between 1400 and 1700. I keep thinking it could break out any day now, but there isn't a strong catalyst, so it may just take time. I'm long a few contracts on a 1300/1500 bull put spread. Since it's actually a LEAPS, I can afford to wait.
$SanDisk Corp.(SNDK)$ $NVIDIA(NVDA)$ typically jumps 8-10% in the trading session after its earnings report. For those selling now, what's the thinking?
$SanDisk Corp.(SNDK)$ If the break of 1496 wasn't clear enough already, my agent finally gave an intraday buy signal for the first time in a while. And it's a big one.