Nobody buying SK Hynix tonight will remember how hated it was not too long ago. When I wrote the below in January 2024, the dominant narrative was about the inescapable memory glut. MU & SK had been flat to down for a year while NVDA had tripled. But…something that this cycle has taught me is that being early is a double-edged sword in more than just the classic “risk a drawdown before it works” way. I held on to these names for a little more than 2 years, but it’s pretty clear now that I sold too early. Now, despite a 500%+ return, I’m wondering if selling in February means I’ll have to withstand the mindfuck of watching them 10x again (by next Tuesday, at this rate). I’m already debating with myself whether I should bite the bullet and get back in or if doing so will align perfectly with the exact top. I love this game, but good lord does it mess with your mind!