Shorted at $SKHYNIX 1315 and took profit at 1270—those who followed along made a pretty good haul.
The logic behind the short was actually pretty simple: the good news from Samsung’s earnings had already been priced in, and the entire chip sector got hammered. Foreign investors were pulling out, U.S. Treasuries were weighing on the market, and the KOSPI fell 2.6%. Hynix’s drop was well deserved.
I’ve always felt that the people who move fastest when news breaks are often the ones who make the steadiest profits.
The logic behind the short was actually pretty simple: the good news from Samsung’s earnings had already been priced in, and the entire chip sector got hammered. Foreign investors were pulling out, U.S. Treasuries were weighing on the market, and the KOSPI fell 2.6%. Hynix’s drop was well deserved.
I’ve always felt that the people who move fastest when news breaks are often the ones who make the steadiest profits.