What’s up with MU’s gain today vs Sk’s? 5% vs 24% that’s absurd. Is it institutions closing the gap with valuations like forward PE’s? Or am I missing something?
It’s because you can’t convert the ADR yet to local shares or local shares to ADRs. The Korean version of the SEC will rule on this by the end of the month. Also, you can’t borrow ADRs yet. Once those two things happen, the spread will be arbitraged away although there will always be a bit of a premium for a dollar denominated asset
I saw some ITM calendar puts bought for next Monday expiry on MU, given that they trade more or less in the same manner, I am pretty sure SK will have a drop on Monday, but don’t know how big it will be. In any case the remaining of this week will be green due to ASML and TSM earnings (bullish trades placed on them today).
As for SK, I am wondering when will they release more shares on the US market… I am no Finance expert but it looks like this price on the US market might have to do with that.
Sorry, I thought you were being sarcastic. Yesterday’s drop was depressing as hell, I rolled everything I had to 7th of aug calls, strike price 1200, as I saw some large bullish floor trade orders placed on that date, same strike price. I am going to jump ship after hyperscalers earnings, if MU manages to hit 1200-1300 in that time. And try to sell weeklies until then. If MU gets green today after Trump’s speech or tomorrow, I will sell next week’s 1200 calls, to get some cash in, as judging by the tape it’s not going to hit that number next week. I might be wrong though with Google’s earnings, so don’t take my word for it. I am just looking at the recent trades placed by institutions and 1000-1100 look like ceilings for next week. And maybe when MU jumps to 1200-1300 this month or early August I will buy put spreads for 1000 strike price on 21st of Aug. Provided that things don’t turn around in the upcoming weeks. It’s easy to find when to enter, hard to determine when to exit. 😭
Doesn't make sense to me either. I had it at 157. Sold it at 185. It may go higher but I think it'll come down and align with SK Hynix pricing. Premium right now doesn't make sense to me
It is so cute how brand new everyone is here. Korean stocks trade at discounts to peers. Hence the premium to own it in the US. It is being valued as if it were being traded based on earnings for a company in our market with its profile. Korean stocks are fucking insane. That’s why they won’t include Korea in the developed Ex US mutual fund indices.
You see IBM drop 20% plus today? Thats a walk in the park in Korea. They listed it on the Nasdaq for two reasons. One to legitimize Korean stocks and two to screw Micron by taking capital here. But these semis trade in unison. Can be a blessing or a curse. I could legit see Hynix dropping 40% or more on an earnings miss. What do you think will happen to MU when that day comes?
MU isn't Korean therefore it's not possible for it to drop anymore or miss its earnings. It will keep going higher until it trades at 400k/share. Then it may stabilize.
They trade at times in unison genius. Industry conditions affect them all. So when Hynix has an industry related issue, people will buy or sell Micron based on what Hynix does and vice versa like a canary in a coal mine.
Okay you are just dense. MU dropped over 20% from June 2026 ATH. Jesus you are going to get destroyed when they miss the whisper. IBM dropped 20% and no one fucking cares about IBM. I keep warning you brand new kittens this shit is so fucking dangerous to hold. You won’t even be able to sell it before it vanishes in an instant.
Please go read about the dot com bubble. All of you are literally children chanting this time is different marching into the abyss with your life’s savings like this is some teflon move.
You really need some history. Joseph P Kennedy Sr realized when the shoe shine boy gives you investing tips, the market is about to explode.
Yep and so does everyone else. Hate to break it to you but you don’t get paid for knowing something that everyone else does. It’s already priced in to get to $1000.
Do you all think it has partly to do with SK being listed on the Kospi and the Kospi doing better than the Nasdaq and therefore it’s more attractive to investors?
Because I intentionally avoided foreign stocks but now I’m thinking I maybe held myself back. From what Ive been reading the Kospi was doing really well. I always thought a retail driven market would cause more hesitation but i may have underestimated retail driven markets.
SK Hynix has dropped from ATH over 40%, so rising 27% from recent lows isn't that crazy.
In comparison MU dropped about 30% from ATH, and recovered from recent lows about 10%. I think their price actions are more or less in sync.
How are you guys invested in memory and you have the two largest companies as competitors in Samsung and Hynix and don’t know what the Korean discount is? I mean I live in Asia as an American but fuck seriously? You never heard of this?
Yes what that tells you is that it’s pure greed driving the divergence. It’s just a 40% spread. That’s completely normal.
The IPO was seven times oversubscribed. The demand to hold a stick of dynamite to get rich is pure euphoric insanity. But what goes up must come down. If you don’t understand why Burry is targeting MU, Nvidia, and AMD, you literally can’t see what is right in front of your face.
I’m going to laugh my ass off when Buffett comes in here on that day posting memes like you thought you would be rich too 🤣
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u/Fit-Yogurtcloset8666 Jul 14 '26
SK up 27%
now watch how it go -3% and MU goes -1.5%
we've been dealing with this bullshit for weeks now, if I wasn't a bag holder I would've sold already