Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (5 issues)
No direction here. WDC must be separated from SNDK and MU: SanDisk and Micron were dragged down by someone else's news, while Western Digital supplied its own reason to cut. Trailing revenue down 2.7% shows its earnings surge came entirely from pricing — precisely what is now in question — making it the most levered of the three to this cycle. RSI(14) at 40.1 is not yet oversold, so there is technical room below, and the 48.7% consensus upside is stale data from before the cut. High inventory ahead of the separation is a variable with a timeline but no price. Wait for evidence NAND spot has stabilized.
Down 5.4% on memory-sector rotation; despite ~28% consensus upside, outflows and SanDisk's weak guidance weigh — observe, don't chase.
Up 2.23% to $477.22 after a 15.4% weekly storage beatdown: DRAM price-hike forecasts trimmed as customers balk at 30% increases, Samsung/Hynix capacity adds looming. The profit-taking stampede after a +159% quarter is not done — not buying the bounce.
Down 9.2% to $466.81 — the 'memory-split winner' of two days ago just caught down; capitulation phases keep no survivor lists, sidelines
Memory-beta pullback with the group; same story as MU, lower quality