Today’s dip was necessary. What do yall think, a straight line shot to $2500?!?! This is healthy, this pullback and reset. I’m committed and believe that Sandisk will touch $2k this month if not higher.
Nvidia earnings will blow it out the water and if Jensen even mentions the memory constraint, put your seatbelts on.
Yes this can be considered dumb to buy 14505 shares of SNXX but I truly believed in Sandisk. I watched the entire Investor Day and that was the true earnings report. Everything they discussed and teased has us set to explode back to the ATH’s.
I’m super excited for this bull run but understand the risk. How’s everyone’s positions today?
I'd like to preface by saying I'm not a pro just a large swing trade better. But wanted to ask you all about some price action this month.
Earnings are on the 5th and we're expecting a 19.8% move in either direction. Today was good but honestly could be higher since Wall St set stratospheric estimates for Sandisk and if they beat that, who knows.
Another thing people aren't talking about is Investor Day on Aug. 13. Another catalyst for Sandisk as they also work with SK Hynix but Sandisk wasn't trading last year on their last investor day. This could be another great moment for the company and stock.
But in my years of trading, it's always been buy the rumor, sell the news. I definitely see a path with all this recent buying volume lately. I'm sure Citadel and Jane St will do their market manipulation but even with that, the reason why Microsoft beat was because of their lowered Capex but increaesed cash flow.
They're saying the new benchmark of success for AI companies is cash flow. Sandisk is super cash flow positive and healthy. I mean Palantir just reported with 800M and is now worth $330B market cap?! With Sandisk closing at $190B market cap today at 1288, it almost feels like a steal. The thesis of memory hasn't changed with supply contrained until 2030. I feel like the leveraged people and paper hands finally got out.
This is why I'm so confident in it and why I actually put $150k into SNXX. No you may call me dumb or a gambler, and sure I could be, but my breakeven is $11. So, I fundamentally believe I got in at a good position and no matter what happens, I truly think this stock has the value of a share price of what analysts are estimating of an average of $2000.
With Western reporting same day, and the dust settling over the next 2 weeks, I think Sandisk has the only catalysts to continue making noise in the memory market.
Would love to hear your thoughts, thanks for reading.
Been holding opendoor since june of last year, do you all think the warrants will cause a spike in price come november when they expire?