Key insights
- The article discusses a contrarian investment in SanDisk (SNDK), which has reached $2000 despite previous shorting attempts and market volatility. The author's quantitative model still suggests holding the stock, and recent inclusion in Seeking Alpha's Alpha Picks at $1750 indicates potential for further upside. This sentiment, while focused on a single stock, reflects a broader market willingness to invest in technology despite broader market concerns, potentially signaling continued strength in the semiconductor sector and tech overall.
It was already expensive when I bought in. I still remember a couple of fairly well-known “stock guru” shorting SNDK around $600–700 at the time. I chose to trust my quant instead.
Holding it the whole way up has not been an easy ride, especially the big sell off cause by SpaceX IPO. Now it’s at $2,000 and my quant still hasn’t signaled an exit… Trusting the process I guess.
That said, I heard Seeking Alpha added SNDK to Alpha Picks around $1,750 last week. Feels like there could be another leg up from here. Stock split next?