On SanDisk the Risk Reward you get is insane now. Citadel shows it does not want to sell below $ 1200, so that is the floor.

So you can easily put any stoploss below $ 1150-ish and ride the recovery pullback to at least $ 1900 or higher for a good 6:1 Reward to Risk ratio going long here.

Just hope Citadel is soon ready with their exiting long exposure on SanDisk. The stock is still surpressed with them. That they could not wait for higher prices, they must be weak hands, just out for a very quick profit from Leopolds takeover.

The last couple of trading days SanDisk was surpressed by selling and exiting Citadels exposure here. At least have reduced it a lot. And buybacks did not take place in those days. Today is the first day bubacks are or can take place. That changes it.

The Buybacks will push it back to $ 1900 level for sure and rather sooner than later.