$SKHYNIX $SNDK What? Are Democrats no longer backing tech stocks?
The widely expected outcome of the midterm elections is that Democrats will win both chambers. They’ll restrict AI development because it could affect jobs and push up unemployment. So when the U.S. market opened last night, mainstream stocks soared, while tech stocks took the biggest hit!
Caibao’s short-selling thesis has once again been proven right. SK Hynix hit its 1,000 target, eventually falling as low as 945! SanDisk was even more dramatic: it rallied a few points after the U.S. market opened, then started trending down, reaching a low of 990. What could tech stocks possibly rally on now?
So there were clear reasons behind this latest drop in SanDisk and Hynix. Money is currently flowing into mainstream stocks, and Caibao is sticking with a bearish outlook!
The widely expected outcome of the midterm elections is that Democrats will win both chambers. They’ll restrict AI development because it could affect jobs and push up unemployment. So when the U.S. market opened last night, mainstream stocks soared, while tech stocks took the biggest hit!
Caibao’s short-selling thesis has once again been proven right. SK Hynix hit its 1,000 target, eventually falling as low as 945! SanDisk was even more dramatic: it rallied a few points after the U.S. market opened, then started trending down, reaching a low of 990. What could tech stocks possibly rally on now?
So there were clear reasons behind this latest drop in SanDisk and Hynix. Money is currently flowing into mainstream stocks, and Caibao is sticking with a bearish outlook!
