SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup
Semis
Korean tech stocks are in melt-up territory, with KOSPI up ~100% YTD and SK Hynix hitting a new record high on the back of SOX +5.5% and MU's +19% surge, amplified by the launch of 14 leveraged 2x ETFs. The 1999 Nasdaq parallel is explicit — a late-stage momentum signal with leveraged instruments piling in is a classic setup for a violent mean-reversion.
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Angle
↓ SHORT-15% target+8% stop3-6 weeks, into next MU earnings print
Fade the memory melt-up — short MU into the next earnings print as insiders dump 54 shares with zero buys and the 1999 analog flashes late-cycle leverage risk.