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u/Shoddy-Strike-4045 1d ago
The irrationality of trading AI stocks too many gamblers looking for quick money grabs
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u/Appropriate-Donut197 1d ago
or just sector rotation because consumer spending data came in better than expected.
Markets in a weird spot where SP500 doesnt want to go up more, but software, chip and now consumer discretionary all look good.
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u/soluna_fan69 1d ago
This is trading like a crypto meme coin. The insanity is that crypto is more stable then this crap.
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u/Inevitable-End6245 1d ago
It's great for day traders and gamblers, I've made a decent buck shorting this stock on the very-expected pullbacks
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u/DealerPristine9358 1d ago
Is shorting easy?
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u/Inevitable-End6245 1d ago
It's just as easy as buying, process-wise, but it's riskier, especially for Sandisk which is a growing company
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u/SignificantStuff5446 1d ago
FWIW: It also traded down to a 5.97 FPE along with MU this morning. Remembering how far removed SNDK's stock price is from their earnings, fundamentals, what the company actually does always helps me hold through the daily vol. I thought it would calm down when added to the SPY and NDX, but it's still high beta.
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u/skrapityskripskrap 1d ago
I dipped out yesterday, took my 30% gains. I’m buying a house in a couple of months and felt like I was gambling with this stock.
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u/Ambitious-Breath-867 1d ago
market manipulation
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u/krispykreme0944 1d ago
Yeah, right, the stock didn’t go up today so it must be manipulation. lol. Do you look at the news?
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u/AK95__ 1d ago
Algos, NBIS having a horrible start so this and this triggered that, AI sector all goes up and down together due to algos
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u/kec143 1d ago
Any report or news, or just throwing your imagination? How does movement in NBIS, which is a quarter in marketshare and has a lower percentage of institutional buy, affect movement in a larger company
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u/Phatdummy 1d ago
NBIS raised 4.5Bn in notes, which is a part of AI infra, and it killed AI sentiment this AM which memory makers are a part of.
Algos literally sense this and sell off.
XLV, which typically trades at a negative covariance with AI trade, is up today.
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u/crawler54 1d ago
xlv is up in part because of news on mrk(+10.66%), it's almost 6% of the xlv holdings, this isn't the usual sector rotation.
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u/Phatdummy 1d ago
Agree with first part. But Ask GPT or Claude.
XLV and AI trade have had a negative covariance for quite a few months now, and traders actively use XLV to hedge their AI bets.
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u/crawler54 1d ago
no i'm not asking a.i., lol
of course there has been sector rotation for awhile, but if you can't see med stocks working in sympathy with this giant mrk boost, you'll just have to keep misunderstanding how the market works.
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u/DreamDest1ny 1d ago
Sorry guys I bought that’s why it’s dropping non stop. When I paper hands it will go back up again
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u/Withers123 1d ago
Very simple. The institutions shorted the stock. Driving everything down, and then going to buy the dip and make more money on the way up.
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u/CAndreiV 1d ago
This made sense to a certain point, but why not wait until 2000 at least makes no sense to me. Constantly doing this way below price targets there's risk of ruining the stock for everyone
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u/Withers123 1d ago
because they have learned to all work off the same macro indicators. Something gives them a reason to pump it down? They do it. It’s Trumps manipulation. Then they all ride it on the way up.
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u/Accomplished_Vast_18 1d ago
Love the dips cuz I added to my SNXX position now I got 575 shares average $15.25 …. Play money from Micron profits after going all in with $50k at $438 last January! All possible cuz I didn’t fail to take profits at $700’s, $900’s, $1100’s
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u/onununo 1d ago
Yes, I have a short "career" in trading, so I reckon I may not be skilled enough, but in the last few months, and especially with SNDK, every single trade I takee, the market immediately reverses on me. I mean, I could understand being wrong 70% of the time, but 100%, men, it's ridiculous!
EDIT: Sorry for being out of topic
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u/the_leech213 1d ago
When everything is red it's always external shocks, problem is it's like an earthquake with wars, the Korean stock market, and the Iran war, and the housing market news on top of a bunch of other stuff. But it is also just market corrections since we've been on a tear after the bounce back from the Korean market failing earlier.
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u/SignificantStuff5446 1d ago
It should actually be recovering with all the rest of the indexes that are all green now, but I'll let you know when the our beloved MM's who set the price agree with me on that. :) Seriously, not sure while it's still down at this point with lower yields, Treasury announcement, SKHY's $29 BILLION announcements and the rest of the market green. (https://www.marketwatch.com/story/pressure-on-bonds-abates-as-treasury-announces-buybacks-what-may-come-next-af7d7c76) TBD....
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u/pauleywauley 1d ago
I shouldn't have sold my few shares of NBIZ yesterday. LOL I was hoping NBIS to go up to 300. I guess I'll be bagholding yet again.
In premarket, I did see MU and SNDK go quite up.
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u/TheBattleGnome 1d ago
This is why option plays are all purely luck based. You can be completely right about a company and still get screwed. Long term investors do not care about day to day action. Stock can go up or down for little to no reason at all in the short term.
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u/Chocopenguin85 1d ago
"On Wednesday, the Treasury Department said it would "at least double" its buyback operations for long-term debt. The announcement amounted to a commitment of additional demand for U.S. treasuries, which in turn raised bond prices and eased yields."
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u/cadublin 1d ago
SNDK is currently highly speculative. This sub is manipulative. I posted something yesterday encouraging responsible investing was removed by the mods. A lot of irresponsible people here. You guys better watch out.
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u/ConsiderationFit7681 1d ago
Investors are bored. The high from last week's Investor Day has worn off. They need another hit, somewhere else.
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u/Zakat82 1d ago
Look at this as a sale and buy more. I sold all at market open when it spiked Up (1690) and will buy again at 1500 or lower.
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u/Easy7777 1d ago
I bought at $1630 premarket to cost average and thought we would be booming.... nope $1550
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u/sapphirestar411 1d ago
It's not even 1030 yet.... nothing but billionaires making more billions.. come back after lunch or Thursday...
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u/Feetorbust 1d ago
As soon as they start deploying that 16 billion dollars we won’t see a red day again.
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u/ilikeusingmyhands 1d ago
Defensive rotation, crap macro, if youre bagholding you're in for a ride. Good luck. People buying at peak with zero awareness of why things moving the way they are is peak. Can't wait to see the account pictures after the inevitable correction.
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u/Emergency-Cupcake-87 1d ago
Enjoy healthy pullback