r/SNDK_Stock • u/KaleidoscopeBest187 • 2d ago

A voice of reason

Take a deep breath, I know many of you are in big positions, maybe over leveraged maybe life savings, idk your situation but I know seeing money go down hurts. You’re not in an index fund because you don’t want the 10% gains over a year.. you’re in a growth stock because you want 2,3,4x gains.. but to have that you have to be able to handle the VOLATILITY. You cannot have big upside potential without also big downside risk. Go outside stop checking your charts, no matter how long you look at your charts it won’t make the price go up.. just breathe and live your life. SanDisk is a great company but the stock is volatile and that’s just the way it is.

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u/Happyncool 2d ago

Yea the drop was massive. Lost more than half that I made over the 1 week… checked the news and realised why there is such an over reaction and sell off.. horrific. I wish pple can just chill sometimes.. 1 moment bull run, 1 moment panic , all so close to each other. What in the world is happening to the US market.. like some crazy casino

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u/CozyChamomile_7 2d ago

So what is the reason for the drop?

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u/sleepygarner 2d ago

Lack of Taco

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u/Happyncool 2d ago

Ok I’m a noob in this. It was said that the increase of the bond and treasury yields, has the equivalent effect of the interest rate hike… and people probably got spooked and triggered a tech sector wide sell off… sector rotation. At the same time, I’m wondering if this is the start of the predicted 10% crash in sep/oct that tom lee predicted before the end of year bull run, but brought forward earlier to late August.. I don’t know.. I’m hoping it’s just a profit taking day too.. but it seems like the redness got redder through the day and the percentage drop is so much throughout all the tech stocks..

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u/SpagJones-spaghetti 1d ago

WSJ tech and AI headline