Look at the chart.. this isn’t a squeeze or a meme stock.. it’s an index of 200 companies (top 3 holding making up 40-45% of it btw) and just in Jan it shot up from 600 points to 750 points approx. Personally I don’t want it to crash, because that would mean my country’s economy is in the shitter, but just pointing this out for anyone who’s looking to make some plays. And who am I kidding, this isn’t sustainable it’s bound to crash at some point.
Positions: Weekly otm put credit backratio spreads.
https://i.redd.it/tjccz9pue0lg1.jpeg
Posted by EKUSUCALIBA
12 Comments
Yea. The koreans. Straight green . What could go wrong?
Dont do it. They lose leveraged for fun
No i don’t speak Korean
The entire market is made up of memory makers. Obviously it will squeeze in the current environment 🤡
Great time to buy ! And then panic sell ! And then buy higher.
Investment strategy: “I only invest in thing that go up”
Be careful, Ima invest there on Monday. North Koreans gonna attack on Tuesday morning
> this isn’t sustainable it’s bound to crash at some point.
The Samsung Republic is eternal!
6 month return and 5 year return are basically the same. Korean economy is like 5 major companies so I wonder what’s the driver here. Won appreciation isn’t doing much so it’s not a currency thing.
Learned of it Friday, so you know how it’s gonna perform the week after.
It is a squeeze/memestock though.
It’s Samsung and SK Hynix.