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Where is it that the kids cry every day 🥹, wuwuwu…
Storage stocks finally came down. The last couple of days I didn’t manage my position well. I was short at the halfway point on a slope and got stopped out in a big way, which caused a drawdown of half.
It made me not want to talk for a few days and I couldn’t eat. After this trade is done and I get the rebound back, I’ll rebook my ticket and go to Yunnan.
This time I want to play in Liupanshui for two days, then take the high-speed train from there to Dali.
Finally, I’ll say the levels where I think storage can dip. Next Monday, Micron at 860, SanDisk at 1400, and Hailisi ADR at 145.
Once it reaches that level, there should be a rebound, because Hailisi’s earnings report comes out on Tuesday, and storage stocks will most likely do another dead-cat bounce.
But after the bounce, it still has to come down. For storage stocks to buy in down low, you can go heavy on the rebound-buy levels:
$SNDK 1000, $SKHY 900, $MU 660. Whichever one hits, the others can be bottom-farmed together too.