$Western Digital(WDC)$ From 732 down to 658 overnight, that's a big swing. Might be some forced margin selling. I think we could get back to the highs before Friday.
$Western Digital(WDC)$ The talk of an AI tech bubble is popping up again, how convenient. I see the dip as an opportunity. The underlying story remains intact.
$Celsius Holdings, Inc.(CELH)$ Celsius is a relatively safe staple; forward PE is under 10, and growth is explosive. It looks like a trade that combines safety and growth.
$Western Digital(WDC)$ Buying on the dip, there's still room for upside. Prices and demand for its products are up, which should lead to solid earnings. Already undervalued.
$Western Digital(WDC)$ My positions in PayPal, Roku, Atlassian, and Western Digital are based on the continuation of AI momentum. Volatility is expected, but the structure still looks intact.
$Western Digital(WDC)$ Hedge funds likely took some profits elsewhere and are shifting into Micron ahead of what could be a very strong earnings report. In my opinion, the numbers could be exceptional.
$Western Digital(WDC)$ The selling looks odd on the surface, but we saw similar moves on the 5th, 9th, 10th, and 16th (and before those dates too). So it's not a catastrophic dump, more like large portfolio "scheduling/balancing." Not fun to watch, but we're up around 50% in the last five days, so there's that.
$Western Digital(WDC)$ WDC has a P/E ratio around 40x, which seems high, but I think it's well justified given the earnings growth rate we've seen over the past year. There used to be a saying that short sellers as a group are generally more experienced investors. I really have to question that in this case. Now, take a look at a stock like VSH and compare its daily chart to WDC's daily chart. See any similarities? I can't help but laugh, since VSH has a P/E ratio of over 6000!