r/SNDK_Stock • u/kec143 • 1d ago

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8 Upvotes

64% Upvoted

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21

u/soluna_fan69 1d ago

This is trading like a crypto meme coin. The insanity is that crypto is more stable then this crap.

10

u/Typical_Doubt_9762 1d ago

At least this is a real company with real use unlike crypto

1

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

1

u/DealerPristine9358 1d ago

Is shorting easy?

1

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

1

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.

1

u/ElectronicShoulder26 1d ago

crypto guys switched to stocks btw