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Serenity (@aleabitoreddit)Serenity@aleabitoredditPost2026-06-09

The post warns against following Bank of America's sell advice on Korean memory stocks (SK

The post warns against following Bank of America's sell advice on Korean memory stocks (SK Hynix/Samsung) after retail sold on negative news and the market subsequently rallied to all-time highs. It suggests institutions may issue bearish signals to obtain liquidity.

“For people out there citing Bank of America quotes now about selling. Just remember: They said $EWY/ KOSPI (SK Hynix/Samsung) was an extreme bubble back in March. And blamed retail for the cause, then implied they should sell Korean memory equities: comparing it to the 2008 financial crisis, .com bubble, and Silver crash. Then shortly after retail sold their longs, memory rallied to all time highs. Institutions are not your friends. Usually when an unusual flood of negative news, they need liquidity.”
Original post：X / @aleabitoreddit ↗

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EWYBullish
-0.74% today
+59.04% 90d

Author uses Bank of America's past misjudgment of Korean memory stocks as a counter-indicator, implying the current sell call may be similarly wrong and the sector could rally again.

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SKHYNIXBullish

Explicitly mentioned as part of the Korean memory complex that rallied after retail sold on BofA's bearish call. Author implies the current negative narrative is similarly unreliable.

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SAMSUNGBullish

Same context as SK Hynix: part of the Korean memory sector that defied BofA's bearish call and hit all-time highs.

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