$SNDK A-share storage stocks went crazy today: Xianggang Technology hit the upper limit, and the semiconductor equipment index climbed 6% intraday. Meanwhile, Sandisk on Binance dropped all the way from 1,012 to 933.
A lot of people don’t get it, but it’s actually simple: the news had already been priced in on U.S. markets last night. Sandisk rose 13% overnight, Micron 9%, SK Hynix 8%, and Western Digital 8%. Today’s gains in A-shares are just catch-up moves, while the drop on our side shows that some people are starting to cash out.
And honestly, this round of price hikes feels a bit shaky. November NAND contract prices are up 50%—that sounds huge, and it’s the third increase this year—but so far it’s still only been communicated verbally. No official price-hike notices have been issued yet. Prices have already moved at the channel level, which means the market is counting unsigned contracts as profits. When the notices actually come out, that’ll be the time to sell the news.
I’m not denying the fundamentals: AI data centers consume a lot of storage, wafer capacity can’t be expanded quickly, and institutions are already looking ahead to 2028. So this drop is a pullback; the only question is where you get in.
Here are the levels. The current price is 945, just above the 38.2% retracement level (928) of the move from 794 to 1,012. If it breaks below 928, the next levels are 903, then 877.
My plan: scale into shorts between 945 and 965, with a stop at 1,000 and a target of 903, using 20% of your position. At 903–877, I’ll switch around and go long, with a stop at 860. I’m not chasing a long at the current price, and I’m not guessing whether it can make a new high right away.
The third price hike was the biggest, but the stock price reacted the least. Remember that.
Before the price-hike notices come out, do you think it can make another run at 1,012?
#黄仁勋再被曝与下属婚外情，或遭董事会罢免 #Anthropic拒绝延期IPO，本周路演估值几何？ #CoreWeave营收增长168%股价涨10%
A lot of people don’t get it, but it’s actually simple: the news had already been priced in on U.S. markets last night. Sandisk rose 13% overnight, Micron 9%, SK Hynix 8%, and Western Digital 8%. Today’s gains in A-shares are just catch-up moves, while the drop on our side shows that some people are starting to cash out.
And honestly, this round of price hikes feels a bit shaky. November NAND contract prices are up 50%—that sounds huge, and it’s the third increase this year—but so far it’s still only been communicated verbally. No official price-hike notices have been issued yet. Prices have already moved at the channel level, which means the market is counting unsigned contracts as profits. When the notices actually come out, that’ll be the time to sell the news.
I’m not denying the fundamentals: AI data centers consume a lot of storage, wafer capacity can’t be expanded quickly, and institutions are already looking ahead to 2028. So this drop is a pullback; the only question is where you get in.
Here are the levels. The current price is 945, just above the 38.2% retracement level (928) of the move from 794 to 1,012. If it breaks below 928, the next levels are 903, then 877.
My plan: scale into shorts between 945 and 965, with a stop at 1,000 and a target of 903, using 20% of your position. At 903–877, I’ll switch around and go long, with a stop at 860. I’m not chasing a long at the current price, and I’m not guessing whether it can make a new high right away.
The third price hike was the biggest, but the stock price reacted the least. Remember that.
Before the price-hike notices come out, do you think it can make another run at 1,012?
#黄仁勋再被曝与下属婚外情，或遭董事会罢免 #Anthropic拒绝延期IPO，本周路演估值几何？ #CoreWeave营收增长168%股价涨10%
