7.8 can't hold on anymore

Ever since getting into tech, I’ve been bullish [TaoGuBa].
Recently my position is still pretty heavy, but this sell-off is impossible to stop.
I’ve always thought this is the bottom of this phase.
After the morning sell-off, I bought back up, thinking it was basically the bottom.
But it’s completely being affected by Korea.
At the open, look at U.S. stocks; during the day, look at Japan and Korea.

For strong stocks, the second day often turns into a catch-up drop.
It’s still pretty annoying.
Look at Hengtong Optoelectronics and Jiantuo.
Two stocks with a 300 billion market cap—within just 2 weeks, they’re close to getting cut in half.
It’s a bit hard to tell which direction things are going.
Don’t institutions recognize the performance of fiber optics and CCL?
From this, can we extend it—will these represented price rises come from memory price increases?
It also seems there’s the problem of MLCC and power semiconductors being dragged too far to the long side.

What’s still strong is domestic semiconductors.
But after this rebound over the past two days, I don’t know whether tomorrow will also bring a catch-up drop for domestic names.
For CPO here, after an early sell-off, these past two days it’s been relatively more defensive.
Still, we have to look at Korea’s mood—watch when memory stops falling.
This round is triggered by overseas deleveraging.
After all, from a hardware perspective,
in the future, optical communications performance may not be able to catch up with current memory.
So into the closing bell, I sold off most of JinAn.
This one went from making 35% to, after adding, only 3 points left—then I exited.

The pullback is definitely quite big in July—
on average, down 15–20 points.
I also can’t quite hold on anymore.
Usually at times like this, the market might already be at the bottom—
once it gets hammered, people cut losses.
But the rebound might not necessarily be what happens to the stocks you’re holding.
So I chose to come out first and take a look.

Let’s see tomorrow—can those that got hit by the urgent sell-off still be pulled back up?
Hang Seng Tech actually rallied a lot today.
The market still has opportunities.
If things stabilize, overseas I’ll first track Zhongji and Dongshan.
The domestic core is also stabilizing.
I’ll watch domestic chips, servers, and switches a bit more—
HuaHong, JingYi, Inspur, and Unisplendour.
I haven’t decided which individual stocks I can trade yet.
By the way, aren’t U.S. stocks supposed to stabilize by now?

Position: 2/10 JinAn.