---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42761787.md"
description: "$XL2CSOPHYNIX(07709.HK) The situation feels more exaggerated than expected. Profits are almost wiped out by the drawdown. Given this market condition, I think leverage needs to be cleared out completely. Once leverage is cleared, it will lead to a liquidity crisis. A reversal probably won't happen anytime soon. Although I am bullish in the long term, going all-in without ammunition next time is useless. I can only cut losses and exit for now, waiting for stabilization before coming back."
datetime: "2026-07-17T09:35:35.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42761787.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42761787.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42761787.md)
author: "[为国梭哈](https://longbridge.com/en/profiles/16082958.md)"
---

# $XL2CSOPHYNIX(07709.HK) The situation feels more e…


### Related Stocks

- [07709.HK](https://longbridge.com/en/quote/07709.HK.md)

## Comments (17)

- **为国梭哈 · 2026-07-27T05:25:37.000Z**: Looking at it now, switching to ADRs was the right move
  - **Keepmoven9** (2026-08-05T11:23:50.000Z): Bro, may I ask if you are switching to 2x SKUU or the underlying stock of SKHY?
- **jockey · 2026-07-18T12:30:49.000Z**: Did this also come out yesterday? It dropped 20% on its own yesterday, and I shouldn't have moved, but I really hit my limit. Plus, the Nikkei and Nasdaq futures are both crashing hard. With the uncertainty of Korea adding leverage on Monday, I had to swallow the pain and sell. I swapped to ADRs + o
  - **为国梭哈** (2026-07-18T13:31:21.000Z): The trend doesn't look right. Fundamentals will be fighting against deleveraging selling pressure, making sideways oscillation more likely. I think it will take at least 1-2 months to get back on trac
  - **jockey** (2026-07-18T13:54:41.000Z): I agree with my buddy; many people want to wait until Monday, not wanting to lose money for nothing. I'm worried about a loss of control in the Korean leveraged cascade. Some views suggest KOSPI will 
  - **为国梭哈** (2026-07-18T14:18:53.000Z): First, doubling this market cap and trading volume, the price of free-for-all fighting actually reflects everyone's expectation for a catch-up decline in Korean stocks. Second, regardless of whether t
- **RUN · 2026-07-17T10:21:59.000Z**: The cost is so low; this kind of drop just means no profit.
  - **为国梭哈** (2026-07-17T10:42:24.000Z): Bought back in the $10 era, the profit cushion was quite thick, but it really hurt.
- **投资小达人 · 2026-07-17T09:48:09.000Z · 👍 1**: Does anyone know why it still doesn't work even though I'm using a VPN?
  - **坐等个股起飞** (2026-07-17T09:48:39.000Z): Node issue, hang an external one
- **大道顺势而为 · 2026-07-17T09:44:40.000Z**: It's only been half a month. If you really come back after uninstalling the app for two months, given this market trend, you'll probably be left flustered.