新手村村長 : WDC is selling

新手村村長 75839646 OP : If it closes at 585 or below today, tomorrow it may first fill the gap between 541 - 578. If it closes at 590 or above today, tomorrow it will likely test 620; if it breaks through 620, that means the selling pressure from WDC has been overcome, and then the outlook will be very positive.

新手村村長 : good decision, buy back again at 530

新手村村長 OP : Indeed, compared to the daily trading volume, the 7-8 million shares in WDC's hands may not seem like much. However, if institutions need more than just these 7-8 million shares and are looking for a chain reaction, that's a different story. WDC is no fool; they know that a massive sell-off at once would lead to a sharp drop in stock price, making it hard for them to get a good price. Moreover, these 7-8 million shares only represent 20% of WDC's original holdings, with the remaining 80% already distributed to shareholders (it’s unclear whether they’ve also been selling during this time).
When the stock price rose to 725 after the earnings report, WDC started selling. Institutional investors, knowing they had a 24/2 restriction, weren't in a rush to buy. Retail investors, unaware of this, saw the pullback in stock price but believed the fundamentals were strong, so they wanted to buy the dip. Without institutional support, the price kept dropping lower as retail investors grew anxious and started selling along with WDC’s price decline. When it dropped below 600, or even to 550... institutions finally stepped in to buy (as they also didn’t want the price to fall too much).
The good news is that, following the earnings report, the SNDK shares held by shareholders have basically been unlocked. However, they did not sell their shares at $725, indicating that they believe the price will definitely exceed $725 before the end of the year (shareholders typically sell shares at the end of the year for tax purposes).

新手村村長 : market always over react the first few days.. just like software early last week, and Hardware later last week.. but they always climb back up in 3 - 5 days if fundamentals not change.

新手村村長 : Let's wait until next week. These few days might be a bit affected due to the news from Korea, but it will pass soon.

新手村村長 : Actually, if it can't recover, it proves that AI is really doomed.

新手村村長 : y not both?

新手村村長 : Next week, we probably won't see the 5-handle anymore

新手村村長 74304601 : I'm waiting for 700