$Micron Technology(MU)$ $Direx

$Micron Technology(MU)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $Invesco QQQ(QQQ)$ SOXS has rolled over pretty hard in recent trading. More traders are back now and will sort that fund out properly. Global investors are piling back into memory stocks. It's pretty self-evident with $SK hynix(SKHY)$ holding value above the IPO price.

Hedge funds can put out as much fake news as they want. Analysts covering the sector say there is no competition for American and Korean memory producers from the Chinese, because they are years away from being able to produce a chip anybody wants at quantity while selling it at a competitive price.

That's reality.

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