To The Moon

$hynix-WI(SKHYV)$  First day trade of the secondary listing was spectacular. Up 12%. If normal patterns follows, it should go up another 4-6% today before some retracements takes place. Let's see....

The US just made another strike on Iran. Now waiting on Iran to retaliate. Looks like oil is going to spike again. Airline and travel stocks will likely take a hit today. Let's see how the rest of the market reacts. But on the overnight Blue Ocean market, we will likely see a sell-off in the Asian markets. They are very risk adverse.

$Marvell Technology(MRVL)$  Not feeling so marvellous at the moment. AI and Chip plays are still in funk.  But I feel it will just be a matter of time before the next push comes. We just need to make sure we are not in a forced liquidation position. 

So much for never selling Bitcoin, ever. What a bullshitter.

The bull market’s next test https://www.straitstimes.com/business/the-bull-markets-next-test Sharing a good article here. The author's views here are of course his own and you need to make your own studies and research and exercise reservations as well. But the points shown are certainly worth noting. For me, I feel AI story is not over. It is only just starting. The world is changing and very very fast. How we work and live has seen a transformation that has never seen such fast pace these last few decades.  When the Internet bubble burst back in 2000, it was not because it was fake. It was because it was early and there were many pretenders. Flash forward to today, you can see internet craze has proven itself to be true. Nobody can live without the internet now.  And five or si

This news may be late.  Usually when the big players announce what they did, it is time they are reversing their positions.  Otherswise, who is there left for them to cover their positions from?

Not surprised. It's a demand versus supply thing. AI Chip manufacturers are going to register super profits purely on the demand imbalance.

$Marvell Technology(MRVL)$   Bloody Thursday for MRVL and most AI and Chip plays. But for such a large fall to happen in such a short time, usually we can expect that overselling has taken place arising from wide spread panic. And worsened by Friday being a no-trade holiday. It's actually good that there is no trading today. This may be helping the market to calm down.  My read is this correction may be healthy as, especially for Tech stocks, it's been a crazy almost daily record high few months. The market needs time to digest.

$Marvell Technology(MRVL)$   Looks to be roaring back at pre-market. Going to be interesting today.

Looks quite bad.  The bounce followed by another round of sell-off is suggesting the AI correction is not over.  We may see MRVL go below $200 this month.  After which we need to see if there is resumption of the up. Or a confirmation of what some were warning of an AI bubble burst. Hold all actions for now. Play safe.