This might be the cheapest you can buy $SanDisk Corp.(SNDK)$ for a while. Over $15M in call flow came in as the stock bounced off the supporting trendline.
$SanDisk Corp.(SNDK)$ If this gaps up big this week, the bears are going to look foolish. There have been a bunch of people trying to shake out retail all week, and plenty of self-appointed gurus across social media calling for a black Monday. I hope they get liquidated.
$SanDisk Corp.(SNDK)$ I think the market could move significantly higher, since the Russia sanctions that were originally set to take effect on October 18, 2026 have been suspended.
$SanDisk Corp.(SNDK)$ is getting a definite overreaction here, especially since these won't even be available until mid 2028 at the earliest, if then, and definitely not in the U.S.
$SanDisk Corp.(SNDK)$ Buying at the bottom is always a challenge. A lot of people get close, but only a few actually follow through, and then regret not loading up more as the price moves higher. Timing the bottom is the key. The current price looks like an early gift. Getting back above $1,700 by the earnings report on 10/29 seems quite doable, with record earnings and an additional stock buyback still to be announced.
$SanDisk Corp.(SNDK)$ Trading at 6.5x forward earnings while Micron trades at 5.5x forward earnings. If you aren't loaded on heavy bull put credit spreads, I don't know what to say. We are hours to days away from a massive 15-20% rally back.
$SanDisk Corp.(SNDK)$ Shorts still need to cover here. The saying about pigs and hogs comes to mind. The FUD coming out of China is overblown. There's just too much noise in the market around semiconductor names right now. At this price, it feels like an early gift. I think we get back above $1,700 by the earnings report on 10/29. Record earnings and an additional buyback still to be announced.