When I look at the SNXX chart (2x SNDK), my eyes start bleeding. First it was an inverted head and shoulders, then a triangle, and now it’s a new triangle.

Why? Simple answer: it’s the biggest position in the portfolio of our old acquaintance Leopold from Situational Awareness — $5.6B (28%). Second place is MU.

SNDK is heading to $1T (now ~$300B). That’s obvious to us, it’s obvious to Leopold, and it’s obvious to Ken Griffin. Someone on this train is clearly extra. For Loracle it isn’t obvious — or he’s trading against Leopold. I don’t know.