Consider the US-listed Hynix stock as breaking its issue price as well. The decline calculated in the previous post was roughly 130/110 as the limit, I'm taking 120, and the high point for gains is set at 190.
Same playbook as SPCX. A few days ago, I thought SPCX was heading to 120, and now it looks like it's about to get there. My current cost is 202, and I still have 30 shares held until now…
I really liked Tesla before, and I even held Tesla from 400 down to 100+. Because I'm too stubborn, I held on and managed to get it back to 400+. What have I done in this life? Even when I encountered Musk, I gave it all back.
South Korea's market is closed today. If the US memory storage stocks don't rebound on Friday, then the Korean stock of Hynix will likely start down -15% on Monday.
Maybe this rebound will start with Hynix after it's finished falling. Let's see if there's an opportunity.
As for IPOs and such things in the future… I'm definitely not touching them.
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