Many friends have been asking me if I’m planning to bet on SK Hynix’s earnings report this Wednesday. The answer is no. I wrote about this yesterday—unless it’s the weekend, I don’t hold positions overnight. Who knows what might happen the next morning? I’d rather earn a little less than gamble on what might happen “the next day.” Not to mention, SK Hynix’s earnings report is coming out Wednesday morning. Based on the data I’ve seen, the report should be pretty solid. I’ve previously shared South Korea’s export data: chip exports are up 180.6% year-over-year, and computer-related products have grown nearly 232%. For more details, check it out here: https://(x.com)/PhyrexNi/status/2080508189674721563?s=20 So personally, I think SK Hynix’s earnings report should be good. But earnings aren’t the only factor influencing prices. I’ve been writing about this for about three weeks now—South Korea is in a high-leverage state, and it’s mostly retail investors. What’s worse is that with the decline in Korean stocks, we’re now entering the phase of deleveraging. Even if SK Hynix’s earnings report is strong, we still need to watch the pace of deleveraging. A good report might bring in some gains, but how much of that is tied to leverage? Therefore, regardless of whether the stock rises or falls tomorrow, as long as SK Hynix’s earnings exceed market expectations, I’ll take a pause for the day and wait until after earnings day to make a move. Unless the earnings fall short of market expectations, I won’t short the stock. Otherwise, my personal stance for tomorrow is to stay put. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all-in-one trading platform