$SNDK first started going short, simply because of the candlestick chart; when the price reached a certain level.
On the weekend, an article came out saying they would slow down AI development.
I went back and forth for a long time using my two sides of reasoning.
I thought about it and realized the fundamentals basically haven’t changed.
Ma Lao had also said they would slow down, but if you’re willing to stop and others aren’t willing to stop, then China definitely won’t wait for him.
So storage will still be in shortage.
Putting this together with the rate-hike selloff and the news-driven drop over this period, you can think of it as having already priced in a portion of the move.
You can start preparing to build long positions.
On the weekend, an article came out saying they would slow down AI development.
I went back and forth for a long time using my two sides of reasoning.
I thought about it and realized the fundamentals basically haven’t changed.
Ma Lao had also said they would slow down, but if you’re willing to stop and others aren’t willing to stop, then China definitely won’t wait for him.
So storage will still be in shortage.
Putting this together with the rate-hike selloff and the news-driven drop over this period, you can think of it as having already priced in a portion of the move.
You can start preparing to build long positions.