To The Moon

$Micron Technology(MU)$ $Roundhill Memory ETF(DRAM)$ $SanDisk Corp.(SNDK)$ $Western Digital(WDC)$ demand far exceeds supply until end of 2028: The window of greatest cycle risk is 2028–2029, here's why: 1. New fabs all come online in the same window Micron's first Idaho fab is scheduled to begin DRAM output in 2027, with a second Idaho fab and a New York fab following after that. Samsung, SK Hynix, and Micron are all building simultaneously which historically creates synchronized supply gluts when multiple fabs ramp at once. 2. The "Dramurai" are deliberately holding back now, but discipline breaks Samsung and SK Hynix have

$CSOP HS TECH(03033)$ 如此可怕既港股。真係令到人好驚訝。點解可以長期下跌。不要再為失敗找借口。差就係差[喷血]  [喷血]  [喷血]  

$OKLO 20260626 48.0 PUT$ Limit order filled during OKLO price correction to sell cash secured put for credit 

$NVDA 20260617 210.0 CALL$ Lowered my strike price  Setting a goal for June 2026: to collect more than $1,000 in premium (including premiums paid to close the options). Collected to date: -$1,415

$DraftKings Inc.(DKNG)$ 打中止蝕，多謝🙏 投資涉及風險，價格可升可跌，做好風險管理。 以上只是個人分享，不構成任何投資建議，本人亦非香港證監會合資格人士。

$ASML 20260918 1880.0 CALL$ I bought an ASML call last Friday, but I think I was a bit too eager to jump into the trade and ended up paying a premium for it. Because of that high entry price, I needed a massive upward move in the share price just to hit my break-even point and close it out profitably. Fortunately, ASML absolutely ripped the charts today, touching fresh 52-week highs following Intel’s 18A-P risk production announcement, which gave me the perfect exit window to secure a small profit. For now, I am going to sit on my hands, stay on the sidelines, and wait out the major market events scheduled for these next few days to see exactly where the broader trend is heading before I commit to any new positions.

$IBIT 20260617 37.0 PUT$ Another bet. Buying because cheap on big news day. Don't follow.

$MU 20260918 1050.0 CALL$ Sell to close this call that was opened yesterday for a small profit. Trying to reduce open call positions going into the long weekend.  

$Apple(AAPL)$ 三百元以下應不算是貴 本世紀最偉大行政總裁——蒂姆·庫克 在全球企業領袖之中，蒂姆·庫克足以稱得上本世紀最偉大的行政總裁。他臨危受命接掌蘋果，面對賈伯斯留下的傳奇高度，不僅守住基業，更以破舊立新的膽識，將這家科技巨頭推向全新巔峯。 庫克最令人敬佩的，是他敢於推翻前任既定路線，堅持自己的經營理念。賈伯斯時代的蘋果堅持不派息、不回購，將現金全部留作研發。庫克上任後果斷改變策略，在公司發展與回報股東之間取得平衡。2012年恢復派息至今，蘋果連續十多年上調股息，逐步邁向「股息貴族」；同時大規模回購股份，規模屢創紀錄，成為業界「回購皇者」，徹底打破科技股高負債、低迴報的刻板印象。 他擁有極其穩健的財務格局與經營智慧。在他帶領下，蘋果維持現金充沛、財務結構堅固的體質，兼具科技創新實力與消費巨頭的穩定性。這種高度確定性，打動了向來不輕易投資科技股的巴菲特，讓蘋果成為波克夏最重倉的資產——這是價值投資界對其管理能力的最高認可。 任內，蘋果市值由數千億美元躍升至數萬億美元，穩居全球最具價值公司。庫克強化供應鏈優勢，拓展服務生態，推出Apple Watch、AirPods等關鍵產品，讓蘋果生態更完整、競爭力更強。 庫克不只是守成者，更是開創者。他敢於改革、精於資本配置、專注長期價值，以穩健與魄力重新定義蘋果。這樣的領導力與成就，讓他當之無愧，成為本世紀最偉大的行政總裁。！

The Maturity Wall Nobody Wants to Price Most investors analyse Strategy through the lens of Bitcoin. They debate adoption curves, treasury accumulation and where the cryptocurrency might trade next year. I increasingly think that misses the more interesting question. The real investment debate is not whether Bitcoin rises or falls. It is whether Strategy’s capital structure can continue functioning if capital markets become less accommodating. Strategy has evolved into something unique: a company whose future is increasingly determined by liability management rather than software growth. The market remains obsessed with the asset side of the balance sheet. I am far more interested in the liabilities. The premium powers more than most investors realise That is where the next major investmen

SpaceX Is Not Just Rockets. It May Be The Biggest AI Cloud Too Starlink was the core. AI cloud may be the next pillar. Investors used to think $Space Exploration Technologies Corp(SPCX)$   was mainly a rockets and Starlink story. That was fair based on historical revenue. Starlink was the company's main revenue engine in 2025 and helped prove that SpaceX could build a large commercial business beyond launches. But the forward-looking picture has changed. Anthropic and $Alphabet(GOOG)$   could give SpaceX roughly $2.17 billion of monthly AI compute revenue if both contracts fully ramp. That equals about $26 billion of implied annualized revenue. That is la

A first sell rating rarely ends a momentum story by itself. What matters is whether the narrative keeps attracting new buyers faster than early investors take profits. For SpaceX, the bull case is straightforward: dominance in launch, rapid growth in Starlink, and the possibility that Starship unlocks entirely new markets. Bears argue that at current prices, investors are paying today for many years of future success, leaving little room for execution mistakes. The fact that shares held above $200 despite a public sell call suggests sentiment remains extremely strong. However, sharp intraday reversals often indicate volatility is increasing and conviction is becoming more divided. If I were already sitting on large gains, I would be more inclined to trim gradually and lock in some profits

The answer depends on whether you believe this is a temporary rotation or the start of a longer leadership change. My base case would be that this looks more like a rotation than the end of the AI theme. AI infrastructure demand has not disappeared simply because semiconductor stocks corrected. Historically, the strongest secular growth themes often experience multiple 20-30% drawdowns while remaining intact. That said, when a trade becomes crowded, reducing concentration risk is sensible. If AI hardware has grown into an outsized portion of a portfolio, trimming some exposure and reallocating toward quality financials, industrials, or healthcare names can improve diversification without abandoning the theme. For new capital, I would be more inclined to buy quality AI leaders on weakness t

If I had to choose between holding the leader and rotating into weaker names, I would generally prefer holding the leader. A 2.4% decline in NVIDIA versus much larger drops in AMD, Marvell, Intel, and leveraged semiconductor ETFs suggests relative strength. When risk appetite fades, capital often concentrates in the highest-quality companies with the strongest balance sheets, margins, and competitive positions. The more important question is time horizon: If you're a short-term trader, this kind of sector rotation and volatility argues for tighter risk management and potentially reducing exposure. If you're a long-term investor, a 10-20% swing in semiconductor stocks is not unusual. The key thesis is whether AI infrastructure spending remains intact. What would concern me more than a singl

Microsoft Is Down 30% From Its Peak, Yet Smart Money Is Stepping In.  Recent Performance and Valuation $Microsoft(MSFT)$   reached an all-time high of $551.05 in July 2025 before declining approximately 36% to a low of $355.51 by March 2026. The stock currently trades near $394, representing a roughly 30% drop from its peak and returning to early 2024 levels. This selloff appeared to stem from a combination of factors, including investor concerns over a $19 billion annual artificial intelligence capital expenditure program, which marked a 49% year-over-year increase. Additional pressure came from a major Xbox restructuring and second-quarter Azure growth (Q2 FY2026, reported January 2026) that missed s