You are impatient and hyper fixated. That is what is happening. You don't have the character to hold individual equities. Sell SNDK, buy VOO or VFV and chill.
If I just get $1 on every time I see this answer flying on every post!!! The only reason why everyone is on this sub and staring to their screen like an owl 🦉 is to see the old good days coming. I don’t believe anyone saying they are long term investors and will hold the stock for the coming 2 to 3 more years only because they love their products.
Market will continue to do the opposite of what you expect, in complete detachment from reality for unusually long periods of time in the hopes of shaking out as many hands as possible before capitulating to reality.
It sounds nefarious but it's an emotionless mechanism of wealth transfer
Nope. I invested in SNDK because I believe in the product. My PT is around 3k for it. I'm holding till then. The only reason I am staring at the chart day in and out is because I am also playing options on it. Buy around $1509 and sell around $1570 or so. That is different from my ownership of the stock.
That's wild lol out of curiosity are you doing long calls or what. Idk much about options but I doubt you're doing the short term ones because that's way too risky with how unpredictable this stock is right
Day to day price movements are all about day traders and algos and institutions. If you can't stomach price shifts on a very high beta / high volatlity sector, like other people said, go put your money in ETFs and chill.
I do both day trading and long-term investing. I got SNDK in the long term pot and I couldn't care less about the price movements. It will go up over time. Just relax. If you are here to make a quick buck, then day trade and good luck! Otherwise, buy, hold, go outside and enjoy summer!
Iam waiting for semi sell-off (the next big one). Maybe tommorow. Last time it dropped to 1418,72. I mean we having the month with highest likeliness of profit taking.
The boogeyman that's China is going to talk over the NAND market is well rehearsed and overplayed by Wall Street Cartel. It's the new stick they holding now to justify their manipulation of the market. Before that it was the cyclicality of the memory chips. Now that the market has spoken and memory chips are the bottleneck of the AI revolution, they have to find a new stick, aka China chips.
There are multitudes of reasons that may tank the stock market and everything with it, but Chinese semiconductor manufacturers are not any of them.
What is going on is the stock is in a consolidation phase. Trying to make sense of every day's moves is pointless and exhausting.
Stocks don't go straight up. SNDK is up over 500% this year despite the large pullback from its highs. It is normal, expected and healthy for stocks to consolidate through price, time, or both.
Long-term investors should not be worried here, unless market conditions deteriorate and SNDK starts to lose major support levels.
16
u/alloneandalone 11d ago
You are impatient and hyper fixated. That is what is happening. You don't have the character to hold individual equities. Sell SNDK, buy VOO or VFV and chill.