$XL2CSOPHYNIX(07709.HK) In theory, it should stop falling today, unless those damn Koreans really intend to zero out all leverage. If the goal is just to kill leverage, it has already been achieved, because all 3x and above leverage on Hynix was zeroed out yesterday, and from what I've observed, most people who got trapped buying this stock bought in at 140-150. Even if Hynix hits a new high, it would be hard to break even at this price.
This ETF is on the brink of a crash. The current price of 59.9 is the same as 5.5, but the Hynix underlying stock at 5.5 was 143.5w, and now it's 175w. If it doesn't stop falling today, you must get out immediately. If Hynix continues this one-sided decline to 140w, this ticket will be wiped out.
We can no longer count on the Koreans to rescue the market. After all, their goal is to kill leverage and retail investors, so that no one makes money and goes to their sweat shops. Of course they know Samsung and Hynix don't have many good days left, but they have to keep the bottom layer poor and sell their labor cheaply.
Although in theory it should stop falling today, currently there is no good news to see. This does not constitute investment advice.





