πOuch! Yesterday's selloff on
$Roundhill Memory ETF(DRAM)$ wiped 25% off my holding in what felt like a single blink. I will be calculating how many Indomee packets I need to buy to survive the month. But honestly, I am not panicking. In fact I am still incredibly optimistic about DRAM ETF. It is the fastest growing ETF tracking memory stocks.
Before yesterday's plunge, the headlines were pure hype, screaming about its explosive growth & its top holdings $Micron Technology(MU)$ $SK hynix(SKHY)$ & Samsung.
But as Warren Buffett wisely said:
"Be fearful when others are greedy, and greedy when others are fearful".
Yes memory stocks can be volatile & yesterday was a brutal reminder of that volatility. But the fundamental demand isn't changing. AI, next gen gaming & massive cloud infrastructure still have an insatiable appetite for data.
I am looking at the long game & staying calm as the sun always shines after the storm.
@TigerEvents @TigerStars @Tiger_comments
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