Aug. 3 at 3:56 PM
$EWY picture > 1k words (charts attached)
Now the worthles rant:
South korea is living thru their own 08 crisis, 97 asian crisis AND covid... All rolled into 1.. vol hit 100 there last week (our equivalent, the vix, is at 16 today ..)
I covered my short last week and i have a small long now, for the bounce that i expect on the back of rosy AMD and SNDK earnings... Expected to reignite this mania...
But again, all, all, all memory cycles end the exact same way.. boom and bust (prob 2-3yrs from now, who knows)... But today?
$SKHY And
$SSNLF are trading at single digit fwd EPS (even cheaper than US memory names).. so yeah, dont want to be short that here