$SNDK roared back with the memory rally. Is this AI-driven or just a head fake?
Memory stocks have been on a tear lately, and $SNDK is no exception. Been watching this name closely, and the move off the AI-driven catalyst out of Silicon Valley has been pretty sharp.
The bull case is obvious, AI infrastructure buildout means memory demand stays elevated. But ngl, every time this sector rips, it gives half of it back within weeks. The cycle is brutal and everyone who's traded NAND names long enough knows it.
Checked the flow on MooMoo and the options activity around this date has been interesting to say the least. Either someone knows something, or the momentum chasers are piling in again.
I'm staying long but trimming into strength. Anyone still holding full position here, or did you take some off the table after the rally?