Post

$SNDK — I’m positioned short here, expecting the pullback to continue. SanDisk sold off after earnings, and the market reaction was pretty clear: the results themselves weren’t bad, but expectations had simply become too high. The bigger problem was the guidance. Next quarter’s revenue midpoint came in at $10.55B, roughly $600M below the market expectation of $11.16B. That gap was enough to trigger an around 8% after-hours decline. Looking at the price action, $SNDK dropped sharply from around 2,300 and has struggled to recover despite multiple attempts by dip buyers. The lack of a meaningful rebound suggests selling pressure is still present. The broader storage sector is also showing weakness. SanDisk, Western Digital, and Micron have all come under pressure recently, which stands out given the broader rebound across U.S. technology stocks. For now, the sector weakness and failed rebounds keep me leaning bearish on $SNDK. #PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound