$SNDK SanDisk is a great short from these highs—there’s nothing wrong with that!
I’ve been bearish on SanDisk for a long time, shorting every rally, and it’s paid off more times than I can count. People keep saying the bull market is here and it’s going to 2,000. There’s no shortage of comments like that, and plenty of people have mocked me for going short. The candlestick chart will speak for itself!
So what do you think now? If it can’t hold above 1,700, it’ll keep heading lower. It’s now near 1,587, and it hasn’t been able to hold above 1,900 since then! It broke below 1,800, 1,700, and 1,600 one after another. Where did all those bulls go?
Anyone who listened and went short from 1,900 has made a killing this time. We’ll need to see how U.S. stocks perform tonight to gauge what comes next. If you’re holding short positions from a good entry, you can keep them a little longer and decide later tonight. I’ll keep following the action and posting updates!
I’ve been bearish on SanDisk for a long time, shorting every rally, and it’s paid off more times than I can count. People keep saying the bull market is here and it’s going to 2,000. There’s no shortage of comments like that, and plenty of people have mocked me for going short. The candlestick chart will speak for itself!
So what do you think now? If it can’t hold above 1,700, it’ll keep heading lower. It’s now near 1,587, and it hasn’t been able to hold above 1,900 since then! It broke below 1,800, 1,700, and 1,600 one after another. Where did all those bulls go?
Anyone who listened and went short from 1,900 has made a killing this time. We’ll need to see how U.S. stocks perform tonight to gauge what comes next. If you’re holding short positions from a good entry, you can keep them a little longer and decide later tonight. I’ll keep following the action and posting updates!