Is SanDisk’s surge a bait or a trap? Smart money is quietly opening shorts at the top!
When others are fearful, I’m greedy; when others are greedy, I’m running—smart money is voting with positions.
Although US stocks fell last night, the storage sector surged against the trend: SanDisk jumped more than 8%, while Micron rose more than 4%. It looks lively, but there’s a hidden trap. But with Anthropic’s revenue up 14x+ and NVIDIA’s thousand-billion-dollar data center backing, the logic for AI compute demand is still solid. However, SanDisk exploded from 235 within the year to 2354, then got slashed by half to 972. Now it has rebounded to 1826; the current price is 1730—so is this the start of the second wave, or the tail end of the rebound?
The key is the smart money data: SanDisk longs’ average entry price is 1436, and they’re currently up nearly $36 million, about +59%. They could dump and run at any moment; meanwhile the shorts, though temporarily at a loss, have more participants, suggesting the big players are betting on a pullback. Micron is similar—longs are also sitting on significant gains, while shorts have started to position.
Technically, after being severely oversold on the hour timeframe ($SNDK and $MU ), both rebounded. There is support below, but resistance levels above are also very close, so rebound room is limited.
Trading advice: if you want to go long, wait for the pullback near 1700 (SanDisk) and 980 (Micron) to enter long positions. If you want to short, wait for a run-up near 1780–1800 and 1020–1030 to enter short positions.
Do you want to take a big bite in this unclear market setup? If you do, you can join my chat room #美元跌至10周低点
When others are fearful, I’m greedy; when others are greedy, I’m running—smart money is voting with positions.
Although US stocks fell last night, the storage sector surged against the trend: SanDisk jumped more than 8%, while Micron rose more than 4%. It looks lively, but there’s a hidden trap. But with Anthropic’s revenue up 14x+ and NVIDIA’s thousand-billion-dollar data center backing, the logic for AI compute demand is still solid. However, SanDisk exploded from 235 within the year to 2354, then got slashed by half to 972. Now it has rebounded to 1826; the current price is 1730—so is this the start of the second wave, or the tail end of the rebound?
The key is the smart money data: SanDisk longs’ average entry price is 1436, and they’re currently up nearly $36 million, about +59%. They could dump and run at any moment; meanwhile the shorts, though temporarily at a loss, have more participants, suggesting the big players are betting on a pullback. Micron is similar—longs are also sitting on significant gains, while shorts have started to position.
Technically, after being severely oversold on the hour timeframe ($SNDK and $MU ), both rebounded. There is support below, but resistance levels above are also very close, so rebound room is limited.
Trading advice: if you want to go long, wait for the pullback near 1700 (SanDisk) and 980 (Micron) to enter long positions. If you want to short, wait for a run-up near 1780–1800 and 1020–1030 to enter short positions.
Do you want to take a big bite in this unclear market setup? If you do, you can join my chat room #美元跌至10周低点
