In the evening, let’s see whether $SNDK can be repaired quickly. If it can’t be repaired, just admit defeat and exit. Also, since the Nasdaq is preparing for a big drop, you still need to watch for the repair. If a trade went wrong, then it went wrong—avoid increasing the position again. If it can rebound, then look for a new setup again. The odds on the upside and downside are roughly the same.
As for short positions, there isn’t much good value right now. Once it reaches around 1620, that’s a strong support. During a rebound cycle, we won’t consider it. Also, don’t short Ningkong HaiLisi; don’t short SanDisk either.
Let’s just see how it performs tonight. If it can rebound and turn weak-to-strong, then you can add to the position. For those with bigger nerves, you can gamble on the weak-to-strong turn.
#storage
As for short positions, there isn’t much good value right now. Once it reaches around 1620, that’s a strong support. During a rebound cycle, we won’t consider it. Also, don’t short Ningkong HaiLisi; don’t short SanDisk either.
Let’s just see how it performs tonight. If it can rebound and turn weak-to-strong, then you can add to the position. For those with bigger nerves, you can gamble on the weak-to-strong turn.
#storage
