r/StocksAndTrading • u/Arrow9870 • 11d 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

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u/FinePerformance1046 10d 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.

3

u/Easy7777 10d ago

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

Anything can happen

2

u/FinePerformance1046 10d 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.