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Mian Bilal Ali
$SNDK It’s not strong when it should be; it’s just weak. Currently, global risk appetite is rising, with tech stocks and crypto assets rebounding, but SanDisk remains flat. This is not a shakeout but a lack of new buying interest. Smart money has already moved: Tepper liquidated all holdings in Q2, and Renaissance cut its position by 99.4%, almost exiting. Morningstar’s fair value is only 1000, while the current price is over 70% premium, making the risk-reward unfavorable.
#HormuzStillClosed
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