Last night, storage, chip, and computing-power stocks were in disarray. This morning, South Korean stocks plunged into a circuit breaker, led by SK Hynix and Samsung, with most stocks down between 5% and 10%. Only SpaceX, which I’ve consistently recommended, stood firm, becoming a veritable safe haven.
Ever since I started following U.S. stocks, my focus has never shifted from SpaceX. Whether it was rising oil prices, turmoil in the Middle East, bank rate hikes, rising Treasury yields, or even several lockup expirations for its own shares, SpaceX has steadily followed its own trajectory, climbing one step at a time from 104 yuan to 176 yuan. Its gains may not match those of some more volatile stocks, but every pullback along the way has truly been a great opportunity to build a position. I’ve never been caught holding the bag.
I still stand by my previous view: 160–176 is a new platform, and once we break above it, new highs are just around the corner!
