$SNDK ripped nearly +1,000% YTD before even hitting mid-year at its peak. That kind of move is insanely rare on a calendar-year basis. Last time we saw anything close? $QCOM in 1999.
That's dot-com bubble territory. When you're comparing a stock's run to 1999 $QCOM, you're basically saying it went full euphoria mode. Those kinds of parabolic moves don't happen often, and they rarely end well without serious pullbacks.
In hindsight, it's a textbook case of momentum gone wild. The question now is whether $SNDK can hold any of those gains or if it becomes another cautionary tale about chasing vertical charts. 1999 comps are never a good sign for sustainability.
That's dot-com bubble territory. When you're comparing a stock's run to 1999 $QCOM, you're basically saying it went full euphoria mode. Those kinds of parabolic moves don't happen often, and they rarely end well without serious pullbacks.
In hindsight, it's a textbook case of momentum gone wild. The question now is whether $SNDK can hold any of those gains or if it becomes another cautionary tale about chasing vertical charts. 1999 comps are never a good sign for sustainability.