highhand
07-13 17:08

I think party almost over. It's like party start at 7pm, then you arrive at 3am... 

Everyone's drunk and sleeping. 

It's no fun

SK Hynix Plunges 9.3%, Torching Memory Sector — Is the IPO Party Over?
SK Hynix (SKHY) cratered 9.32% to $152, reversing sharply from its blockbuster IPO debut to lead the entire memory sector lower. The selloff swept SanDisk, Micron, and the DRAM ETF into a collective rout. Just last week, SKHY raised $26.5B with 7x oversubscription, hailed as the best-ever ETF debut — Benzinga now calls it 'from best debut to bear market.' Does this plunge disprove the memory supercycle, or is it simply an overcrowded trade violently unwinding?
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