To The Moon

$SanDisk Corp.(SNDK)$ Kospi keeps shooting up, around 20%. Anyone who got scared and sold recently probably needs to learn how to hold. The next session could be even crazier than this one.

$SanDisk Corp.(SNDK)$ The decline looks like it was mostly situational fund selling. Other hedge funds probably saw it coming and positioned to ride it down. It doesn't seem tied to fundamentals, demand, the outlook, China competition, or slowing capex. This is a buy-and-hold name, and anyone who bought near 1,000 timed it well.

Citadel spread the FUD to capture that young boy's portfolio for pennies on the dollar, and he didn't even know because he was situationally unaware. $SanDisk Corp.(SNDK)$  $IREN Ltd(IREN)$  $Bloom Energy Corp(BE)$  $CoreWeave, Inc.(CRWV)$  $NEBIUS(NBIS)$ 

$SanDisk Corp.(SNDK)$ This is a face-ripping relief rally. Honestly, even the bears might turn bullish for a minute here.

$SanDisk Corp.(SNDK)$  Kospi is up 6%. The emergency meeting in Korea is set to start soon, and the government is expected to do whatever it takes to support the public. Shorts are likely to get squeezed.

$SanDisk Corp.(SNDK)$  I'm looking at a 2-4 week timeframe targeting the 1300 - 1500 range.

$SanDisk Corp.(SNDK)$ It looks like shorts are working hard to shake out retail holders and grab shares at low prices. As long as someone doesn't sell, there's no actual loss to worry about.

$SanDisk Corp.(SNDK)$  Selling now feels like a move a lot of people will end up regretting. The company's fundamentals haven't changed at all. What you're really doing is just turning a paper loss into a permanent one.

$SanDisk Corp.(SNDK)$ Being down 45% really takes a lot of steel in the stomach. But from what I've learned in the past, the turnaround can be quick and violent.

$SanDisk Corp.(SNDK)$  Substantially oversold. Down 50% in the last two weeks. It is trading at a forward P/E of less than 5. Shorts should probably be taking some profits off the table before the earnings and full-year report next Wednesday. If someone was smart enough to short it at $2,354, covering here seems like a reasonable move. The average target price from all the major analysts is $2,140, with the highest at $3,500.