SNDKB’s late-session surge came out of nowhere, but with no volume spike I’m even more on guard. This kind of “buying the rumor before earnings” is usually short-term capital betting on news; once on 8/6 the Q3 guidance from <闪迪> (SanDisk) turns soft, those funds will hit the sell button right away. Besides, the storage industry is now facing the problem of production capacity being pulled forward—by 2027, the three major MUB fabs’ combined DRAM+HBM capacity has been fully sold out. The market is starting to worry that if price increases start to slow, it could punish valuations. As a mapped target, SNDKB is hard to escape the impact. Today I fully pulled back the leveraged portion and kept only a small amount in spot holdings. Sleeping well matters more than anything. #TradFi晒单