$SNDK SanDisk plunges 36%! Short sellers profit big—bottom fishing or keep shorting?



“Be greedy when others are fearful”? Not so fast—shorts haven’t been wiped out yet.

News: The storage sector has slumped across the board. The market’s focus has shifted from performance to whether the “storage supercycle has peaked.” Samsung’s results beat expectations yet still fell 7%, showing capital is withdrawing systemically. In the past 12 hours, liquidations have exceeded 3 million, and longs are still being liquidated. The storage sector is all down sharply, and money is fleeing.

Technical: BOLL lower band at 1551. The current price of 1657 has rebounded from the lower band. All three RSI lines are below 40—oversold, but not yet at extreme levels.

Smart Money: Short positions total 116 million, while longs are only 31 million—shorts dominate by 4x. Shorts’ average entry is 1703, already in profit; longs’ average is 1751, with an unrealized loss of 1.88 million.

Dasheng’s View: The daily candle closed above the Bollinger lower band. A rebound is possible today, but don’t rush to bottom fish.

Consider going long only if it drops to around 1530. A rebound to 1690–1730 could be a chance to short.

Want to follow the strategy? Comment “1” in the comments section.#GUSD年化升至3.8% #美终止对伊朗石油制裁豁免
SNDK2.64%
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