$Sandisk(SNDK.US) Unfortunately, 650
didn't hold as support, so I started shorting again at 640.
Let me calculate the losses for a few big bulls. If they had 500 shares at $780 per share, and it dropped to $600, that's a loss of 160*500 = $80,000 USD.
Using eighty thousand dollars as a 'faith top-up' is quite something.
These people don't look at technicals. They turn a blind eye to the sharp pullback after a double top at high levels and ignore the gap below that needs to be filled.
I posted in the community about a month ago, saying not to top up based on faith, this stock could very well fall quite a bit. As for another one, SMCI, let's look back in a couple of years.
Because I've also suffered huge losses before.
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