It’s going to go down until about 11am EST and then stabilize sideways. The manipulation is so obvious. The institutional algo’s do the same pattern every time. Whether upward pumping or downward. Same pattern. If it changed pattern it means the sentiment is swapping upward.
I was wondering if institutions derisk before investors day similar to earnings? This is with regard to Sandisk’s investor day tomorrow. With Earnings missing, is it likely to drop before close today? Or does investors day not have much sway on the price? What is the relationship? If anyone can help it would be greatly appreciated.
Boy and girls it APPEARS the stars are aligning. Knock on wood. no fed rate hike likely due to CPI report. SNDK and Kioxia announcing new NAND. Now all we need is the investor day knockout punch. Positive news so far. Cmon Sandisk! I believe in you!
Edit: Someone said supply increasing is not bullish
-The demand is increasing. It is bullish for Sandisk because their problem is the production is all spoken for therefore hard to project increased forward earnings. More supply and BETTER supply deals with both problems. More supply, higher pricing, and with demand being confirmed by all the recent results this points to a great outlook for them in the next 5 years. Demand is always something subject to change. For now it is bullish.
Pump pump it up pump the jams get that party bumpin.