$SPDR S&P 500 ETF Trust(SPY)$ The market action looks like a classic dead cat bounce. The recent 4-6% drop wasn't random — big money has been heading for the exits. They know we're still near 2x fair value. I'll start averaging back in below 500.
$SPDR S&P 500 ETF Trust(SPY)$ Closed all shorts. Opened the first entry on a long position. Planning to add more for a bounce tomorrow or Monday. Good luck.
$SanDisk Corp.(SNDK)$ Really strong session across my larger positions, up anywhere from 7% to 30%. SNDK still looks like a deep discount, though we're getting close to that $1,000 support area. I'm lowering my price target from $30,000 to $20,000 given the shifting political landscape. With projected earnings around $400 per share annually for the next several years, they could repurchase the entire float fairly quickly.
$SanDisk Corp.(SNDK)$ Absolutely wild numbers. Strong earnings, no debt, huge margins, huge backlog, and the PE is ridiculous. Do people really think data centers are going away? Some regulation would actually be good for the industry.
$SPDR S&P 500 ETF Trust(SPY)$ 49x just wasn't high enough for America's favorite grocery store. With Democrats set to control Congress, COST deserves an even higher earnings multiple. lol
$SanDisk Corp.(SNDK)$ Every day it's the same pattern. Doubt the demand is there, then get confirmation that it is. When will the Street finally believe it?