$SNDK $SKHYNIX Is anyone still trying to buy the dip? It’s Black Friday today!
Last night’s market action was clearly gearing up to wipe out the bulls! Investors with profits were rushing to cash out, and as soon as the market dropped, dip buyers got hit hard again. Caibao has been waiting for a move like this, which is why I’ve consistently maintained a strong short bias on U.S. storage stocks.
Yesterday, when I called for a short on the storage sector, quite a few people thought it had already bottomed and that it was time to buy the dip. I said then that the real decline might not be over yet. Don’t rush in just because prices have fallen a lot.
Luckily, the Korean stock market didn’t trigger a circuit breaker at the open today. Otherwise, panic in global markets might have escalated further. This time, the drop in AI and tech stocks dragged the crypto market down too. The Nasdaq fell more than 5% at one point last night, and the Philadelphia Semiconductor Index dropped 7.9%. I wonder what the dip buyers were thinking. How can you buy the dip when no fresh money has even entered the market?
After the Democrats’ victory, markets began worrying about tighter regulation of the AI and crypto industries, and investors started pulling out. On top of that, it’s Black Friday today, and the nonfarm payrolls report is due tonight. The panic is far from over. Caibao is sticking with a strong short bias today. Don’t rush to buy the dip, and whatever you do, don’t gamble your principal on a rebound!
Last night’s market action was clearly gearing up to wipe out the bulls! Investors with profits were rushing to cash out, and as soon as the market dropped, dip buyers got hit hard again. Caibao has been waiting for a move like this, which is why I’ve consistently maintained a strong short bias on U.S. storage stocks.
Yesterday, when I called for a short on the storage sector, quite a few people thought it had already bottomed and that it was time to buy the dip. I said then that the real decline might not be over yet. Don’t rush in just because prices have fallen a lot.
Luckily, the Korean stock market didn’t trigger a circuit breaker at the open today. Otherwise, panic in global markets might have escalated further. This time, the drop in AI and tech stocks dragged the crypto market down too. The Nasdaq fell more than 5% at one point last night, and the Philadelphia Semiconductor Index dropped 7.9%. I wonder what the dip buyers were thinking. How can you buy the dip when no fresh money has even entered the market?
After the Democrats’ victory, markets began worrying about tighter regulation of the AI and crypto industries, and investors started pulling out. On top of that, it’s Black Friday today, and the nonfarm payrolls report is due tonight. The panic is far from over. Caibao is sticking with a strong short bias today. Don’t rush to buy the dip, and whatever you do, don’t gamble your principal on a rebound!
