$Micron Tech(MU.US)$Sandisk(SNDK.US)Although I don't want to admit it, the current situation is very bad. The fact is that the storage sector has broken through support levels, and my positions are mostly in storage stocks, with profits having pulled back significantly. I thought today's Samsung earnings report could save it, but it turned out even worse. Now the last lifeline is SK Hynix on Friday, which is why I haven't sold yet.
Fortunately, I don't have any leverage. I've always advised against and never bought any 2x leveraged products. The arithmetic square decay from the pullback means that even if the underlying stock recovers one day, the 2x product won't.
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