added $DRAM $Bloom Energy(BE.US) $Intel(INTC.US) in the premarket

my reasoning….

- Kospi is recovering, hitting the 40 week moving avg and expecting a bounce

- Citadel pump, Ken Griffin didnt liquidate the AI trade for those names to be stuck

- All of these names are still down 30-40% from highs but their charts are recovering so didn’t get the bottom but also less risk of a falling knife

- Attractive enough where i can double the position sizes on a 10-15% drawdown

- Jensen ai buildout announcement this week is very bullish for all ai infra

- oil will come down, no rate hikes

- leverage is wiped out of the system to an extent which should make it easier for these names to not get exuberant and rather find less degen buyers

- memory is cheap even with structural concerns

- $intc raise was massively oversubscribed, tutes know that its going to be the TSM of America

now, these are more trades vs investments and have specific targets I’d like to trim at but if they can gain the momentum they had in June (not expecting them to get it anytime soon) then with more earnings growth and less leverage, those levels might be more sustainable and these trades could turn into long term holds

Source: amit