BlockBeats reported on July 29 that Dan Bin, chairman of Oriental Harbor, said in a Xueqiu post that a 2x long SK Hynix ETF fell 25.72% on the day, a move he said once again showed how leveraged instruments magnify gains and losses alike. He warned investors to use leverage with caution, avoid borrowing or margin financing, and keep portfolios appropriately diversified. Dan also said SK Hynix has become a stage marker for the current AI trade, adding that after a sharp adjustment in the company’s share price, the short-term direction may become clearer soon. Over the longer term, he wrote, only companies with a steadily improving supply-demand structure and rising profitability can move through industry cycles. He later reposted a user comment calling the sell-off “a good opportunity to pick up bargains” and wrote, “Strongly agree. When the market drops hard, you must dare to buy! I’ve just used up my remaining bullets.” He added that the remarks reflected only his personal investment views and did not constitute investment advice.
BlockBeats reported on July 29 that Dan Bin, chairman of Oriental Harbor, said in a post on Xueqiu that a 2x long SK Hynix ETF plunged 25.72% on the day, which he said again illustrated how leverage can amplify returns while also multiplying risk.
Dan said investors should be cautious when using leverage, avoid borrowing and margin financing, and maintain appropriate diversification. He also wrote that SK Hynix has become a stage marker for the current AI rally. After a sharp correction in the company’s share price, he said, the short-term direction may soon become clearer. Over the long run, only companies with a continuously improving supply-demand structure and steadily strengthening profitability can ride out industry cycles.
Dan later reposted a user comment that said, “A stampede-style decline is a great chance to pick up bargains,” and added: “Strongly agree. When the market drops hard, you must dare to buy! I’ve just used up my remaining bullets.” He also stressed that the comments were only his personal investment thoughts and did not constitute any investment advice.
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