A trader known as NMTD.HL (@NMTD8) is facing significant losses after shorting $15.2 million in U.S. storage sector stocks. The positions include $11.22 million in SanDisk (SNDK), $2.54 million in Advanced Micro Devices (AMD), and $1.45 million in Micron Technology (MU). Currently, the trader has incurred a floating loss of $2.47 million, with liquidation prices looming. On May 1, the trader tweeted about anticipating a 40% drop in SNDK's stock price, which has yet to materialize.
Trader Faces $2.47 Million Loss on Storage Stock Short Positions
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