“…but that gets back to the question of Cinderella at the ball. You’re there, you’re having a wonderful time, the punch bowl is flowing. The dance partners are getting prettier all the time. But you know at midnight it’s going to turn to pumpkins and mice.

You look around the room and you think, “One more dance. One more good-looking guy. One more glass of champagne.”

And you think you’re going to get out of there at midnight. Of course, everybody else thinks they’re going to get out of there at midnight too.

And in the end, it does turn to pumpkins and mice.

…The problem for this particular dance, for Cinderella, is there are no clocks on the wall.”

amit
@amitisinvesting
OH. MY. GOODNESS.

CITADEL HAS BOUGHT A MAJORITY OF THE PUBLIC ASSETS FROM LEOPOLD'S SITUATIONAL AWARENESS FUND.

So...Citadel scares everyone on Tuesday about a surprise rate hike during FOMC that WE ALL KNEW was not going to happen...

On Wednesday, the entire market freaks out about the rate hike which causes the selling to compound on itself creating 50-70% drawdowns across the board in high beta semicondcutor names...

Which means Leopold who we now know had $45B of assets and was 400% LEVERED ends up being the sacrifice as he gets liquidated at what theoretically could be the bottom due to not having the margin requirements to keep solvent...

AND THE PERSON WHO CAUSED THE SELLOFF WITH THE RATE HIKE FEARS ENDS UP COMING IN TO BUY HIS ASSETS FOR 40 TO 50 CENTS ON THE DOLLAR.

By the way, Leopold is getting married this weekend. I think he wanted to make sure he wasn't getting margin called during his wedding.

A vet on wall street in Ken Griffin takes out the young new kid.

ABSOLUTE. CINEMA.

パワーやん(´・ω・`)
ASML EUVプロセス（最先端）波長13.5nmという非常に短い光を用いるため、1回の露光で極めて微細なナノスケールの回路パターンを焼き付けることができます。工程数を抑えつつ高い「歩留まり（良品率）」を維持できるため、現代の最先端AIチップやスマートフォン向けSoCの量産には不可欠です。

中国のDUVプロセス（規制回避と力技）米国やオランダからの規制により、中国は先端のEUV装置を調達できません。そのため、中国（SMICなど）は調達可能な旧型の液浸DUV装置を用いて、複数回にわたり回路を重ねて露光する「マルチパターニング（力技）」によって7nmクラスの半導体製造を強行しています。