Post

#Storage stocks are taking a hit, but is the AI memory trend actually in trouble? $SNDK delivered a very strong earnings report, with both revenue and profits beating expectations. Gross margin reached 84.6%, and the company also got approval for a massive $14B buyback. Yet the stock barely cared. After trading near 1390, $SNDK has slipped toward 1200, losing more than 10%. Now there’s another factor weighing on sentiment: several company executives have recently sold shares. The CEO sold about $5.7M, the CTO $9.8M, a director $13.4M, and the CFO around $2.5M. That’s a lot of insider selling in a short period. With guidance already leaving investors disappointed, the market was vulnerable to negative headlines—and these sales added even more pressure. I wouldn’t be surprised to see further weakness in the storage sector when the Korean market opens. A retest of the 1160 area is still possible. However, insider selling alone doesn’t change the company’s fundamentals. Executives often lock in profits after a major rally, and the CEO still owns a substantial amount of stock. The bigger issue right now is market sentiment. When expectations are high, even relatively normal selling can trigger an exaggerated reaction. My grid position remains unchanged, with 930 as the liquidation level. Until that level is threatened, I’m staying patient. For me, this is more about short-term sentiment than a breakdown in the long-term AI memory/storage thesis. If the fundamentals remain strong, $SNDK can recover when the selling pressure fades. No need to panic over every red candle. $OKB $BTC #AIMemorySelloffEases #BTCETHETFInflowsReturn #SpaceXShortCovering