MEMORY AND WAFER UPDATE

This is a free preview of a paid episode. To hear more, visit www.russell-clark.comMemory stocks, namely Micron, SK Hynix, Samsung and Sandisk have been wild of late. These stocks have been whipsawed by the increasing use of leveraged ETFs, and the capital raisings from SK Hynix and (potentially) Samsung. A good example would be KORU US, which is a 3 times leveraged South Korean bullish ETF. South Korean markets is dominated by SK Hynix and Samsung. KORU US has been volatile.The volatility of KORU US does not match up with the still soaring DRAM prices.Same can be said of leverage Micron ETF - MUU US.The presence of such leverage makes the memory stocks tough holds here. Wafer stocks on the other hand still seem to lack the leverage ETF presence.