After blowout earnings, Why SNDK Sandisk is the Best Pure Momentum Play right now.
TLDR: After Sandisk's blowout earnings report on Jan 29, I still feel like Sndk is THE momentum play. It is the Perfect combination of Lowest float of all the memory companies + tied to the current macro theme of AI and Memory shortages.
This was my previous post,
https://www.reddit.com/r/wallstreetbets/s/IKE0eHogpM
All my observations there still stand, so you can go read it. The market is now reassured after its blowout earnings.
Here’s the disconnect: the share price scares Timmys. They see a stock that’s $400 higher than NVDA and think it’s “expensive,” without understanding float or market cap.
For perspective:
SNDK float ≈ 150M shares
Micron float ≈ 1.1B shares
If SNDK is at $600, that’s about a $90B market cap.
With Micron’s float, that would be roughly $80/share.
That tiny float is exactly why SNDK moves violently. Same money, fewer shares means faster upside and downside.
When I search Google Trends and compare SNDK to something like Beyond Shit's run, they still had like 10x the amount of interest at its peak compared to sndk right now. YES we all know Beyond Shit is a shit company, im not talking about that. Im talking about momentum. This is a rare example of a squz waiting to happen with a company that ISNT shit.
No, I am not saying sndk is a better investment than other companies like MU, or Seagate, or NVDA. That is up to you to decide. I am only saying that this is THE BEST PURE MOMENTUM play right now. If SNDK grasps even a fraction of hype that something like Beyond Shit got, this thing might squz. But that would be harder because like I mentioned earlier, timmys are afraid of the price, they only like $3 stocks.
If anybody can name me a company that has better:
1. (Volatility) Has a smaller share float than 150m
2. (Trend) Is part of any current market trends (in this case it is memory shortages)
3.(Earnings) is growing faster in earnings
4. Not a penny stock
Then please enlighten me.
Whether you believe the price will go UP or DOWN, this stock will move quick and you will make a lot of money if you are right. Genuinely no hate if you short it, because i believe it'll just add to the momentum when you buy back.
As for me, I believe its going higher. I have opened new positions, 700c Feb 20. I would've got feb27 or march (after nvda earnings) but I only work at Wendy's and couldn't afford them at the time.
This is a thesis about Momentum, not an investment one. Good luck to all