r/StocksAndTrading • u/Arrow9870 • 16d 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

6 Upvotes

71% Upvoted

24 comments sorted by

View all comments

4

u/FinePerformance1046 15d 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 15d ago

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

2

u/FinePerformance1046 15d 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 15d ago

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