$Sandisk(SNDK.US)
SanDisk’s share price fell after the market opened, just as I expected—and I actually see that as a good thing. We need to remember: lower prices have their advantages, while higher prices come with greater risks.
I’m already considering selling my Micron Technology position and rotating the capital into SanDisk. If SanDisk drops back into the 1600 range again, I think I’ll make that move.
I’m really looking forward to this week’s AI chip conference.
$Sandisk(SNDK.US)
Just as I said, even after a strong rally, SanDisk still opened higher, which naturally means there is likely to be some pullback. And that pullback could be a buying opportunity.
However, whether it is an opportunity to go all in is still up for debate.
A lot of people do not like analyzing overnight trading, but I believe it is still a trend worth watching. In some ways, it reflects the psychology and sentiment of ordinary retail investors.
Am I right? We will find out during the regular trading session.
Long image$Sandisk(SNDK.US)
I was already prepared for the overnight session to fall, so I was pleasantly surprised to see SanDisk edge slightly higher instead. Still, just like I said last time, we need to stay aware of the risks. I still think the healthier move would be a pullback first, followed by a rebound. Lower prices have their advantages, while higher prices come with greater risks.
$Sandisk(SNDK.US)
After roughly three weeks of consolidation, SanDisk has once again climbed back above the 1,800 level. As much as I hate to admit it, we have to be more cautious at this point.
There wasn’t much news over the weekend, but I expect SanDisk to see a slight decline during overnight trading, followed by a partial recovery in the pre-market session. Once the market opens, however, I think it could face significant selling pressure. Whether it can recover from that will largely depend on whether investors still believe that the Silicon Valley genius was right.
I remain bullish, but I also have to acknowledge that the road ahead will not be smooth.
