🔥Profits surge 8-fold, but the stock gets hammered: memory stocks bounce back overnight; the “sell the news” curse gets put to the test next Tuesday
(Saturday, October 10 · Weekly recap)
This week’s most surreal plot twist: Samsung’s Q3 operating profit surged nearly 8-fold to a record high, yet its stock got hammered. It’s not the first time: when profit surged 18-fold in July, the stock still fell 10%. The bigger the earnings blowout, the harder the sell-off. Veteran traders call this “selling the news”: good news has already been fully priced in, and the day it’s announced is the day investors sell.
But two things are worth remembering: Micron reported revenue of $54.2 billion at the end of last month, nearly 4 times higher year over year, with an 87% gross margin. Management said outright that the supply-demand balance for memory in 2027 and 2028 will be tighter than this year. On Friday, Micron, SanDisk, and SK hynix all bounced back 2%—the night of carnage didn’t turn into a multiday massacre.
The knock-on effect is clear: when chips stabilize, crypto dares to bounce. Markets were broadly in the green over the weekend, with ZEC leading at +1.6%, and Bitcoin reclaiming 82,800.
📌Key levels for major assets
BTC 82,800: reclaimed ground above the previous low of 82,560; support at 80,550 (50-day moving average); a move above 84,200 opens the way to 85,600;
ETH 2,496: still the weakest of the bunch; support at 2,400→2,320; resistance at 2,552→2,678;
SOL 109.9: hovering around the 50-day moving average at 108; support at 108→100; resistance at 118→125;
ZEC 1,225: back above the 50-day moving average at 1,176; resistance at 1,320→1,439; support at 1,176→1,077;
Gold 4,197: support at 4,100→4,073; resistance at 4,230→4,260; a move above 4,260 opens the way to 4,385;
MU 1,033: support at the key 1,000 level→950; resistance at 1,124.
In a word: is it the curse playing out, or an unjustified sell-off? Tuesday’s CPI report at 8:30 p.m. will decide. Until the cards are revealed, price levels matter more than opinions. Get some good sleep this weekend—don’t watch the charts. #BTC $BTC #比特币反弹至8.3万美元
(Saturday, October 10 · Weekly recap)
This week’s most surreal plot twist: Samsung’s Q3 operating profit surged nearly 8-fold to a record high, yet its stock got hammered. It’s not the first time: when profit surged 18-fold in July, the stock still fell 10%. The bigger the earnings blowout, the harder the sell-off. Veteran traders call this “selling the news”: good news has already been fully priced in, and the day it’s announced is the day investors sell.
But two things are worth remembering: Micron reported revenue of $54.2 billion at the end of last month, nearly 4 times higher year over year, with an 87% gross margin. Management said outright that the supply-demand balance for memory in 2027 and 2028 will be tighter than this year. On Friday, Micron, SanDisk, and SK hynix all bounced back 2%—the night of carnage didn’t turn into a multiday massacre.
The knock-on effect is clear: when chips stabilize, crypto dares to bounce. Markets were broadly in the green over the weekend, with ZEC leading at +1.6%, and Bitcoin reclaiming 82,800.
📌Key levels for major assets
BTC 82,800: reclaimed ground above the previous low of 82,560; support at 80,550 (50-day moving average); a move above 84,200 opens the way to 85,600;
ETH 2,496: still the weakest of the bunch; support at 2,400→2,320; resistance at 2,552→2,678;
SOL 109.9: hovering around the 50-day moving average at 108; support at 108→100; resistance at 118→125;
ZEC 1,225: back above the 50-day moving average at 1,176; resistance at 1,320→1,439; support at 1,176→1,077;
Gold 4,197: support at 4,100→4,073; resistance at 4,230→4,260; a move above 4,260 opens the way to 4,385;
MU 1,033: support at the key 1,000 level→950; resistance at 1,124.
In a word: is it the curse playing out, or an unjustified sell-off? Tuesday’s CPI report at 8:30 p.m. will decide. Until the cards are revealed, price levels matter more than opinions. Get some good sleep this weekend—don’t watch the charts. #BTC $BTC #比特币反弹至8.3万美元