Earnings Reactions

The storage companies have released their reports. Revenue and earnings blew everyone out of the water, and in spite of that…….…

Sandisk Corporation (SNDK)

I have no position in Sandisk, but I’m short Western Digital (WDC), so I’m happy with the results so far (particularly since it seems to not be recovering much).

I’m also pleased to report that the /NQ came this goddamned close to violating its triangle but instead behaved As God Intended ™.

I’ll just come right out and say it: I feel totally and completely fucked over by the market since precisely seven days ago this very minute. We were PERFECTLY at the point of failure, and, hey there, what do ya know, the market rallied for no goddamned reason at all by thousands of points over four days.

Absolutely outrageous, and ostensibly predicated on the most stupid “deal” of all time (that is, the one which massively benefits Iran and your hero will attempt to make look like a win, even though he completely fucked the entire thing up).

Anyway, I welcome this good news this afternoon.

Carry on.