--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42839704.md" description: "$Sandisk(SNDK.US)$XL2CSOPHYNIX(07709.HK)$XIAOMI-W(01810.HK) I said storage has been plummeting for three weeks, why are there so many weirdos shorting Xiaomi? It turns out some naive investors are treating Xiaomi as a 1x short on Hynix. First of all, thanks to all the shorts for washing out the retail investors. Storage opened lower in the night session on July 20 (SanDisk broke below 1300). Looking at the chip distribution, at least 60% of trapped chips have been washed out. The main force is eating heavily around 1350. Next, during this pullback which leaves psychological shadows for retail investors, there will be a violent rally to prevent them from getting back on board. SanDisk, Micron, and Hynix stocks should return to new highs within about a month. This garbage ticket, the 2x Hynix ETF, will most likely see 193.6 become its historical high due to insane volatility drag (Hynix stock needs to reach around 4 million to get back to 193.6, while the June high was only 2.97 million).Secondly, it needs to be clarified that Xiaomi is absolutely not a 1x short on Hynix; Xiaomi is just Xiaomi. In January, I saw the theory from Xiaomi commentator 'Hot-blooded Youth' that 'shorting Xiaomi has reached its physical limit and a short squeeze is imminent.' I speculated on Xiaomi, then found that the number of short positions still open continued to increase, proving the theory wrong. I decisively cut my losses, ran to storage, and quickly broke even, giving me some credibility. There is only one reason for Xiaomi's decline—HSBC is selling. HSBC sold off 5% of Xiaomi's total share capital from last October to June this year. Correspondingly, Stock Connect retail investors were buying non-stop. Now, there is only one reason for Xiaomi's rise—HSBC is buying. I saw HSBC continuously buying Xiaomi since June, ranking first in net buying over the past 60 days. Correspondingly, Stock Connect retail investors are cutting losses and selling non-stop. The biggest short seller turning into a long buyer, how can it not rise? With such obvious main force control, what does storage have to do with it?Finally, I want to say that whether Xiaomi rises or falls has nothing to do with storage. Xiaomi without its car business is only worth 8 yuan. Storage can only affect this 8 yuan (possibly even less, because Xiaomi also has a home appliance business). Did Apple halve from its high point due to rising storage prices? No! Did Dell crash due to rising storage prices? No! Did Lenovo, also in Hong Kong, crash due to rising storage prices? No! Nobody cares about storage prices. On one hand, it's main force control; on the other hand, it's the general decline in consumer stocks caused by weak consumption. Now that Stock Connect retail investors have obediently handed over their chips, how can it not rise? If it doesn't rise, how can they lure people in to slaughter them?" datetime: "2026-07-22T00:05:55.000Z" locales: - [en](https://longbridge.com/en/topics/42839704.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42839704.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42839704.md) author: "[白宮股神唐納德](https://longbridge.com/en/profiles/24273088.md)" --- # $Sandisk(SNDK.US)$XL2CSOPHYNIX(07709.HK)$XIAOMI-W(… ### Related Stocks - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SKHYV.US](https://longbridge.com/en/quote/SKHYV.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) ## Comments (3) - **Macintosh Lee · 2026-07-22T02:32:20.000Z · 👍 1**: Only when you see its true colors will you resolutely abandon your fantasies, classify it as an untrustworthy con stock, avoid touching it whether it rises or falls, and consider yourself back on the right track of financial investment. - **那什么拯救一只垃圾股 · 2026-07-22T01:12:27.000Z · 👍 4**: The decline in consumption is the root cause. As long as the economy continues to deteriorate, Xiaomi's stock price will not see a major reversal. This stock is essentially a consumer stock, and it is now highly correlated with the bulk consumer automotive market. - **小米，美团还钱 · 2026-07-22T01:05:26.000Z · 👍 1**: This wear and tear is excessive; there are still people shorting SK Hynix. Oh, wait, that's wrong, after all it's a Hong Kong stock ETF.