Over the past two days, I’ve been completely baffled by SNDK. On Wednesday night, it surged to 1,419.13. I stared at the chart thinking: “It hit 1,400—this rally is solid.” Last week, when I wrote about it, it was at 1,270—up over 10% in just one week—and I was feeling pretty smug. Then Thursday came with a long red candle, and it never stopped. It kept dropping—1,300 didn’t hold, 1,200 didn’t hold, and now, just before 1 a.m., it’s at 1,168.03. Dozens of candles in a row, with almost no meaningful rebound. From its peak, it’s dropped 17.7% in two days. Even more painful: it’s now broken below last week’s low of 1,197.37. Last week’s support? It didn’t hold tonight. What I feared most wasn’t the drop—it was realizing that last week I was still wondering, “Should I chase it?” Now I can’t even get back to where it was then. Did you bail out around 1,400, or did you get dragged down with me like I did? #Sandisk #SNDK $SNDK
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