المنشور

The hardest part isn't being bearish—it's having the conviction to stay bearish when everyone tells you you're wrong. I didn't keep my SanDisk position open because I felt like gambling. I kept it because my view on the storage industry hasn't changed. For months, people criticized me for being bearish without actually shorting. So I put real capital behind my thesis. My position size is simply the way I align my research with my actions. I believe the storage bubble has already burst. That's why I see rebounds as opportunities to add shorts, not reasons to turn bullish. To me, this isn't just a temporary deleveraging event, and I don't buy into the idea that we're entering some endless singularity-driven bull market. The market is repricing an industry whose expectations ran far ahead of reality. And this isn't hindsight talking. I held the same view before today's drop, and I'm still holding it now. Sometimes the market agrees with you immediately. Sometimes it doesn't. Conviction means staying consistent either way. #闪迪财报双超预期，新增140亿美元回购授权 #内存卖方市场延续，韩股能否迎来反转？ #DailyOrbit #SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck