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CommemorativeThanks, Gu Shen
Ahead-of-the-game analysis: The ironclad logic behind SK hynix's crash
I've already liquidated my position in Hynix after hours. At first, I was misled and thought Hynix was issuing new shares. After waking up and thinking about it, it's completely different. Hynix's price is itself pegged to the South Korean Hynix, and it already has a 3-point premium. Plus, it rose over ten points yesterday, making the premium as high as 15 points. That is to say, the South Korean stock market must open 15 points higher on Monday to maintain the premium on the US stock, which is obviously impossible. The weakness of Micron and SanDisk has already proven this point; the memory cycle is over. Many people say the market cap of the US-listed Hynix is small, so it can have a premium. This is completely applying A-share thinking to the US stock market...
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