7709 is the 2X long SK Hynix ETF and SK Hynix is up over 300% YTD, just filed a ~26B Nasdaq ADR IPO at a ~1.2T valuation. on a 2x leveraged ETF that move is insane but PLEASE respect the leverage decay, this is a trade not a hold-forever. sizing small and watching the IPO date around July 10.
Just_Tobii_
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J
sk hynix is up like 230% ytd and the nasdaq IPO is in the final stretch, SEC nod expected this week, valuation already past a trillion. a 2x long ETF on that name into the listing catalyst? that's max conviction memory supercycle in one ticker. small position, eyes wide open on the leverage.
J
SanDisk or Micron? How I Think About Storage Exposure
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