المنشور

The local decline in $SNDK is -42% and the biggest rebound we've had since its inception is +14% (which is very limited) Yesterday's reaction to the lack of increase + good capital expectations from META/MSFT is not very constructive on memory names. At this stage, I wouldn't be surprised if we have another leg down due to the severity of the market deterioration. Not comfortable at all, but I think we'll see a 20%+ recovery soon anyway. (Don't try to time the bottom using leverage unless you're a professional trader.) As for long-term allocation, my positive outlook on memory hasn't changed, but the PA indicator now will be very different from just the April-June rise. After this kind of sell-off, the market needs time to digest and won't just reverse in a V shape. Make sure you have a plan and stick to it... GL$SNDK #SoftPCEStrongDemand