At dinner time, flipping through the chip ledger—the plaza put Micron’s roughly 10% after-hours gain on the trending list, while discussion of SK Hynix going to the U.S. to issue ADRs piled up alongside it. The ledger doesn’t look like money flowing back in: price has lifted from its intraday low but is still in the weekly hole, the seats are still crowded at about 81%, and money is pulling out.
$MU : up about 4.3% for the day / down about 10.5% for the week, currently around 775.7. The weekly high was about 874.7, a retreat of roughly 11.3%. The account long/short ratio is about 4.38 (roughly 81% long; about a day ago it was around 5.41 / 84%—the seats are emptying out). Funding is near zero, and coin-margined OI is down about 10.7% over the past day (USDT-margined OI about −7.0%). Price has turned up, but it’s still in the weekly hole; the seats are still crowded, with a few just having left; money is pulling out. Don’t take 775.7 as proof that the roughly 10% after-hours gain means money is flowing back in, much less that the weekly hole has been filled.
In the same session, $SKHY was up about 4.4% for the day and down about 7.8% for the week, currently around 141.0. The weekly high was about 154.0, a retreat of roughly 8.4%. The seats are about 68% long (long/short ratio around 2.09; about a day ago it was around 2.57 / 72%—the seats are emptying out). Funding is near zero, and OI is down about 10.6%. It’s also turned up, the hole is a little shallower, the seats are less crowded but are still emptying out, and money is running all the same.
On one side, trending posts are touting a roughly 10% after-hours gain, the seats are still stuck at 81%, and the money has already left. On the other, amid all the buzz about a U.S. listing, it’s also turned green, and money is pulling out too. Is this money flowing back in, or just after-hours sentiment while the weekly hole remains unfilled? Drop a counterexample in the comments.
#MicronTechnologyUp10PercentAfterHours
#SKHynixPlansToIssueADRsInTheUS
$MU : up about 4.3% for the day / down about 10.5% for the week, currently around 775.7. The weekly high was about 874.7, a retreat of roughly 11.3%. The account long/short ratio is about 4.38 (roughly 81% long; about a day ago it was around 5.41 / 84%—the seats are emptying out). Funding is near zero, and coin-margined OI is down about 10.7% over the past day (USDT-margined OI about −7.0%). Price has turned up, but it’s still in the weekly hole; the seats are still crowded, with a few just having left; money is pulling out. Don’t take 775.7 as proof that the roughly 10% after-hours gain means money is flowing back in, much less that the weekly hole has been filled.
In the same session, $SKHY was up about 4.4% for the day and down about 7.8% for the week, currently around 141.0. The weekly high was about 154.0, a retreat of roughly 8.4%. The seats are about 68% long (long/short ratio around 2.09; about a day ago it was around 2.57 / 72%—the seats are emptying out). Funding is near zero, and OI is down about 10.6%. It’s also turned up, the hole is a little shallower, the seats are less crowded but are still emptying out, and money is running all the same.
On one side, trending posts are touting a roughly 10% after-hours gain, the seats are still stuck at 81%, and the money has already left. On the other, amid all the buzz about a U.S. listing, it’s also turned green, and money is pulling out too. Is this money flowing back in, or just after-hours sentiment while the weekly hole remains unfilled? Drop a counterexample in the comments.
#MicronTechnologyUp10PercentAfterHours
#SKHynixPlansToIssueADRsInTheUS
