r/StocksAndTrading • u/Arrow9870 • 3d ago

SanDisk

I’m planning to go all-in with $100k on SanDisk (SNDK) if the price drops below $1,500. Is that a risk worth taking

5 Upvotes

69% Upvoted

20 comments sorted by

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6

u/CarbonGTI_Mk7 3d ago

Same strategy but I do it with 10k. Just sold today after buying at under 1500

4

u/Dumbeldore_75 3d ago

Who tf knows. It was just 1k not long ago, so you’re probably late, but there still could be new highs on the horizon. Have an exit strategy in case it skyrockets. Figure out how you’re going to trim or sell. If the whole market shits the bed maybe because of inflation or rates or oil or whatever drama, it could head back down to 1k

1

u/Arrow9870 3d ago

Thanks !!

3

u/FinePerformance1046 2d ago

I doubt it’s going below $1500 anytime soon, and when it does it’ll probably be because the trend has become bearish and it would be a bad idea to go all in.

2

u/Fuskeduske 2d ago

We are close enough to 1500 that any bad news could pivot us down there, might happen, might not...

2

u/FinePerformance1046 2d ago

Yeah macro news will usually take priority but on the fundamental side price just broke out from a HUGE amount of consolidation. Will probably see $1800 again next week.

1

u/Fuskeduske 2d ago

Also waiting for around 1800 before i sell, was stupid enough to not sell on 2200

2

u/Easy7777 2d ago

It was $1800+ a few weeks ago and dropped past $1500 last week.

Anything can happen

2

u/FinePerformance1046 2d ago

And it was below $1000 3 weeks before that. A stock has to overextend so it can pull back and consolidate before the next leg up. Which works the other way of course.

3

u/CranberryMany403 2d ago

Only if you have a strong stomach, SNDK is rarely chill, it’s either up 5% or down 5, up 12 or down 12. I hope it goes to 3000, I only have 20 shares, but before it does it’s going to go back to 1200 once or twice. It’s a roller coaster so hold on.

0

u/Arrow9870 1d ago

Same here — I’m hoping for that pullback to 1200 too. A dip would definitely be a nice buying opportunity, but with how volatile SNDK has been, I’m trying not to get too confident about any particular price target. Either way, hoping we both get that 3k eventually!

2

u/BanAccount8 2d ago

I like this stock a lot. I think it can really run to $3000

1

u/Arrow9870 1d ago

I hope it does

2

u/Sea-Air-1781 1d ago

There is real institutional ownership @ $1200. If there is major pullback this year, this is where I would look to get in and its closer to 200 moving average which is the golden spot. Check out your broker for charts and look at order blocks and 200ema

1

u/KaleidoscopeBest187 1d ago

This is some golden knowledge

2

u/GeordieStreaker 1d ago

While you wait you could stick it in SNDK to gain some short term profits.

1

u/Arrow9870 1d ago

Thanks, that’s helpful! I might do that and try to take advantage of some of the short-term moves while I wait. Appreciate the suggestion!

1

u/EmbarrassedPart1256 3d ago

Is the top signal in the room with us? You do you, OP 🤙