I hate what's happening here.
There is the possibility that these memory stocks are in a massive bubble right now and no one is listening or taking it seriously.
It reminds me distinctly of what happened with YieldMax stocks 1 year ago.
People were taking out loans and massive lines of credit to invest it all into ULTY. Everyone was convinced that the fund had been "fixed" back in April because of what the fund managers did, and they had a good opportunity to get in and make 6% returns a month.
Then a few months later, the stock came crashing down and everyone lost their money...
I want to say that something similar is happening with Micron and Sandisk right now but no one will listen.
If you go on the Micron subreddit and point this out, you get banned.
If you go on the Sandisk subreddit and point this out, your thread gets deleted.
Someone made a thread on the Sandisk subreddit the other day, saying that they lost their life savings. The thread racked up something like 100+ comments. Various people commenting, saying that they're down in their life savings as well.
There are many people out there who went all in on these stocks recently.
But guess what happened? That thread was deleted by moderators.
There's so much censoring happening. So much information is being curated. Moderators are hiding it actively. That's when YOU KNOW that we may be close to a top.
And every time I say that the top might already be here. I get tons of immediate backlash. People just simply say "on the next wave up we'll fine by".
Brother, there WON'T BE a "next wave up". You are literally becoming a bag holder in real time.
I would not be surprised if Micron simply oscillates between $800-1100 for the next 6-12 months.
Just like how Nvidia has oscillated around the $200 mark for the past 10 months.
This might be it for these stocks. There might not be another massive wave up to $1500 for Micron or $2000.
This might simply be the top for the current boom cycle, and a massive difference in fundamentals may need to happen.