Changxin Technology | Memory Panic
Changxin Technology took a pretty brutal hit today. But I’m actually starting to look for opportunities. Memory demand hasn’t disappeared just because prices fell 7% today; Samsung’s latest profit forecast is even close to nine times its year-ago level. What’s taking a hit now is valuation and sentiment—not necessarily the fundamentals. The more panic selling there is, the more I want to wait until it stops falling before going long.$CXMT
Changxin Technology took a pretty brutal hit today. But I’m actually starting to look for opportunities. Memory demand hasn’t disappeared just because prices fell 7% today; Samsung’s latest profit forecast is even close to nine times its year-ago level. What’s taking a hit now is valuation and sentiment—not necessarily the fundamentals. The more panic selling there is, the more I want to wait until it stops falling before going long.$CXMT