SanDisk “booms the rally”*! Good news, but it plunges instead?! 😱
That big bearish candle in the early hours—hurts to watch.
SanDisk’s revenue beat expectations, and its annual figure is up fourfold. Back then, you’d have heard drums and gongs. But after hours, the stock price fell from above 1430 all the way to around 1260, down over 12%.
Where did it go wrong? It was because you were “too honest”—the guidance for next quarter was too conservative and didn’t meet the yardstick the market has in its head.
Stocks that have multiplied by hundreds of times had already had their great performance written into the price long ago. What you turn in is only a passing grade.
That’s the rule for high-position stocks: it’s not about how well you did on the exam, it’s about whether you’re better than “you in people’s imagination.”
A sell-off driven by sentiment doesn’t mean the industry has turned overnight, but volatility at the highs can be this brutal. When you don’t understand, don’t reach out—we’re watching it. Let’s talk more in detail when it’s daylight. #SNDK $SNDK
That big bearish candle in the early hours—hurts to watch.
SanDisk’s revenue beat expectations, and its annual figure is up fourfold. Back then, you’d have heard drums and gongs. But after hours, the stock price fell from above 1430 all the way to around 1260, down over 12%.
Where did it go wrong? It was because you were “too honest”—the guidance for next quarter was too conservative and didn’t meet the yardstick the market has in its head.
Stocks that have multiplied by hundreds of times had already had their great performance written into the price long ago. What you turn in is only a passing grade.
That’s the rule for high-position stocks: it’s not about how well you did on the exam, it’s about whether you’re better than “you in people’s imagination.”
A sell-off driven by sentiment doesn’t mean the industry has turned overnight, but volatility at the highs can be this brutal. When you don’t understand, don’t reach out—we’re watching it. Let’s talk more in detail when it’s daylight. #SNDK $SNDK