# @benzinga on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=Cg9yjd-_9Tw - **Gondola URL:** https://gondola.cc/posts/69265934-benzinga-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a954b18df6.jpg - **Posted:** 2026-08-13T14:58:23.000+00:00 - **Account Owner:** Benzinga | News That Moves (@benzinga) โ€” https://gondola.cc/benzinga ## Caption On a recent episode of The Drift, the weekly markets show hosted by thinkorswim and tastytrade founder Tom Sosnoff and trader Adam Mesh, longtime tastytrade co-host and CBOE veteran Tony Battista shared why he has no plans to sell his SanDisk Corporation ($SNDK) position, even after the stock has tumbled significantly from its highs. Battista opened by pointing to advice he received decades ago from his longtime financial advisor at JP Morgan. "I did this because of the person at JP Morgan, who's been my girl for since the early 80s, late 80s. She always told me that we have a different time horizon. And that's why I'm able to hold something that you would never hold." He then explained why that mindset has stayed with him. "I took that to heart when she said it, because wealth has been produced in this country because of buy and hold. I don't know if it's going to work into perpetuity or anything else like that. But from my own experience, I wouldn't be holding SanDisk either." Battista's SanDisk position offers a particularly extreme example of the buy-and-hold philosophy in action. SanDisk was spun off from Western Digital in February 2025 at roughly $38.50 per share and went on to become the best-performing component of the S&P 500 in the first half of 2026, hitting an all-time intraday high of $2,354.39 on June 22, 2026. Since that peak, the stock has pulled back sharply amid a broader debate about the durability of the AI-driven memory boom, with Morningstar publicly maintaining a fair value estimate of just $1,000 per share while other analysts hold targets north of $2,000. As of the latest session, SNDK was trading in the low $1,300s, roughly 42% below its all-time high but still up more than 3,000% since it began trading as an independent public company. Battista owned exactly where he sits in that move. "But my cost basis on SanDisk is hundreds of dollars lower than where it is right now. But I'm down hundreds of dollars from its highs. But the time frame is a longer horizon. So I don't even look at it. That's why I had to go to my phone to look at it. I don't have it on my trading iPad." Battista, a 25-year CBOE market maker and Sosnoff's on-air partner since tastytrade launched in 2011, spends much of his professional day trading short-dated options and premium selling strategies alongside Sosnoff. But his commentary on SanDisk is a reminder that even the most active traders often carve out a separate mental bucket for their long-term investments, one they intentionally do not touch during short-term volatility. Buy-and-hold, in other words, is not just a passive strategy. For traders like Battista, it can also be a discipline, one built specifically to survive drawdowns like the one SNDK holders are living through right now. This clip is from The Drift episode released this week. #SanDisk #TonyBattista #StockMarket ๐ŸŒ Find more market-moving insights at https://www.benzinga.com โ€” your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. ๐Ÿ–ฅ๏ธ Want the same tools the pros useโ€”without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. ๐Ÿ‘‰ https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ ๐Ÿ“ฒ Follow us on socials @benzinga ๐Ÿ”” Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ โš ๏ธ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. ## Stats - **Views:** 1,662 - **Likes:** 10 - **Shares:** 0 - **Comments:** 0 ## Tags sandisk, stockmarket, tonybattista --- Copyright (c) Gondola