Poor SanDisk, it plunged straight below 800 this time. Now it’s only just above 800.
$SNDK It hasn’t had much luck lately and has been falling nonstop.
A couple of days ago, after the Democrats took office in the US, there was talk of strengthening tech regulations.
Before that, there was talk of a stock split. After these two events,
its share price has been cut in half—putting it mildly.
Not long ago, it was nearly $2,000 at its peak.
Now, at just over 800, it can’t even hold half that price. Will it keep falling?
It’s still trading sideways for now. I expect that after the market opens tonight,
there’ll be another fake rally, followed by another sell-off!
Tech stocks rebounded after a sharp drop in US stocks, but the Nasdaq was still down about 3.4% for the week.
$SNDK It hasn’t had much luck lately and has been falling nonstop.
A couple of days ago, after the Democrats took office in the US, there was talk of strengthening tech regulations.
Before that, there was talk of a stock split. After these two events,
its share price has been cut in half—putting it mildly.
Not long ago, it was nearly $2,000 at its peak.
Now, at just over 800, it can’t even hold half that price. Will it keep falling?
It’s still trading sideways for now. I expect that after the market opens tonight,
there’ll be another fake rally, followed by another sell-off!
Tech stocks rebounded after a sharp drop in US stocks, but the Nasdaq was still down about 3.4% for the week.
