Already 99% Allocated to the Position? Chuanmu Remains Bullish on Hynix: Still 50% Upside Potential from Current Price, Target Price Set at 3.9 million won,
Svmuu News: Well-known stock trader Chuan Mu posted on Platform X, stating, “Hynix is currently trading at 2.76 million won, leaving a 50% upside to its revalued market cap of 3.9 million won. The gains from this market revaluation will go to those who hold onto Hynix shares for the next 45 days.” The day the U.S. ADR goes live will mark the completion of the revaluation. Institutions won’t leave much profit room for retail investors—just as they do with IPOs, they’ll sell to retail investors only after extracting the maximum possible valuation.” " Additionally, he revealed: “Half of my current portfolio is in Hynix, and the other half is in a 2x Hynix leveraged ETF; I only have a 1% cash position.” According to the chart he attached, Hynix’s stock price is currently trading at 2.764 million won. Previously, on April 27, when Hynix’s stock price was 1.286 million won, he publicly posted: “Once the market reclassifies memory stocks from cyclical to growth stocks, Hynix’s stock price could triple to 3.9 million won.”
Source:Odaily · Source Link
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