Today is a classic case of SK rising during the day and ADR rising at night. Even though it's a 10U war god situation, I'm sitting this one out. I've analyzed a ton of data on Korean stocks, and I always feel that the risks are still pretty high until leverage is mostly cleared. Plus, U.S. stocks are more likely to be influenced by Korean stocks, and the current premium is still relatively high. So, I'm not too confident about going long—mainly because I'm not familiar with it. If I'm not familiar, I avoid it. My short positions are primarily based on fundamental issues with the Korean stock market; otherwise, I wouldn't dare touch it. Also, it's hard to say how long this high premium can last. When the Korean market closed, SK was at 1,836,000 KRW, which converts to about $1,246 USD. Meanwhile, Hynix ADR is currently $168 USD, with a premium exceeding 35%. In this situation, I wouldn't dare chase the highs, so I won't go long—only short. And I only short when SK is dropping. If SK is rising, I stay put. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all-in-one trading platform.