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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 267.80+11.8%3:59 PM EST

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To: Unwelcomeguest who wrote (4453)8/21/2020 11:31:10 AM
From: SiliconAlley   of 4826
 
I have reduced my holdings substantially over the past two weeks.


The long term view on this stock has not changed, and those who bail on near term weakness will miss out on the long term rewards. This reminds me of when Goldman put out a strong sell on WDC based on 1 quarter weakness, when their longer term view remained exceptionally strong. As I recall, that was the bottom, and the stock tripled from that level before retreating to current levels. Reversion to the mean will haunt the shorts in a bigly way.
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