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July is a big test month for memory storage. Yesterday, SK hynix’s U.S. stock ADR listed. A friend has been using a short via $SKHYNIX and going long via $SKHY to make a fortune. $MU has also pulled back more than 20% over the past two weeks. Next, there are major events coming up, including TSMC earnings, Samsung earnings, and SK hynix earnings, among others.
I’m still bullish on memory, because if an industry has real and massive profits, there’s no reason not to buy in.
I’ve been DCA’ing into SK hynix, Micron, and $DRAM.