We literally tanked over a Korean facebook post btw

Prongs007 · 2026-05-13T01:47:15+00:00

=== SUMMARY === - The author rants that the May 12-13 selloff in memory chip stocks (MU, INTC, SNDK) was triggered by a South Korean official’s Facebook post about an “AI tax,” not by the CPI print, which was in line. - He claims the market overreacted, reversed intraday, but his leveraged MU position was margin called before the recovery. - The post is a speculative rant backed by links to news articles; it lacks structured DD and is driven by personal frustration. === SENTIMENT === MIXED === TRADE IDEAS === No actionable trade ideas in this post. The author’s thesis is that the selloff was an overreaction and that MU should have rebounded, but he provides no current entry/exit recommendation. The event has already partially reversed, and his personal position was liquidated. === COMMENTS SUMMARY === Top comments dismiss OP’s blame, arguing overleveraging (pandadogunited) and that the cause (CPI vs. Korean post) is uncertain (Legendary-Lemon). Others celebrate puts (SocialSuicideSquad) or remind that “no crying in the casino” (PM_ME_UR_BASILISKS). Community sentiment is unsympathetic and neutral on the thesis.

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Summary

The author rants that the May 12-13 selloff in memory chip stocks (MU, INTC, SNDK) was triggered by a South Korean official’s Facebook post about an “AI tax,” not by the CPI print, which was in line.
He claims the market overreacted, reversed intraday, but his leveraged MU position was margin called before the recovery.
The post is a speculative rant backed by links to news articles; it lacks structured DD and is driven by personal frustration.

Score 106

Comments 59

Upvote % 82%

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Ok fuck you guys

Today at 8:30 CPI dropped. Algos read it, the 1Y literally ticked down because it was in line, and the market collectively decided not to give a shit

EXCEPT - you assholes couldn’t shut the fuck up about Intel and Micron and Sandisk instead of just winning quietly, so when they were all red in premarket (BEFORE THE CPI PRINT), the journalists naturally ignored trying to find the actual reason for this and took to their gay bear cuck chairs instead. The FUD machine started. Literally even WSB started filling up with "inflation fears" posts from CNBC

But tell me what about the CPI actually said that we didn’t already know - if we were gonna rocket for a month at oil being at $100 already, why the fuck would we sell off after getting a print confirming oil is at $100. Thank you I can read

The truth is that a South Korean “policy adviser” named Kim Yong-beom posted on FACEBOOK about a hypothetical “AI tax” on Korean memory chipmakers. He tanked his own stock market within seconds of posting. Meanwhile his own party walked it back explicitly calling it “personal opinion”, and the opposition demanded him fired. AKA this was the Korean equivalent of “tariff on, tariff off”. KOSPI went from ATH to -5% in about 30 minutes before reversing to close at -2.3%.

https://preview.redd.it/x8wucru77t0h1.png?width=728&amp;format=png&amp;auto=webp&amp;s=c765b186c7072e947056effac95f44040887d010

**Did literally any news station report this?**

Obviously not. Every headline today: “Stocks fall on hot CPI” “Markets reprice rate hikes” “Inflation fears spark hawkish Fed fears”

A 5 second Google or clanker search would show you the 1Y bond moved by 2bps. AKA no one gave a shit. It’s like when the PayPal tards get horny over a 0.7% increase and say “WE’RE SO BACK” while SNDK goes 5000% in 1Y. But of course the market didn't care, Micron opened red and then it stayed red because every single person read the headlines and collectively decided "yes, fuck wallstreetbets, this shit cannot be real, the AMD millionaires are fake" and sold off all our positions in sync. I can't even blame them.

I am now 200 shares poorer in Micron than I would have been if we didn’t crash 10% for no fucking reason before doing a V because I got margin called.

Can't you regards just win quietly instead of posting millionaire screenshots?

[Chief policy staff's idea of 'national dividends' using AI profit triggers concerns - The Korea Times](https://www.koreatimes.co.kr/business/companies/20260513/chief-policy-staffs-idea-of-national-dividends-using-ai-profit-triggers-concerns)

[Top South Korea Policymaker Floats Paying All Citizens a Share of AI Profits - Bloomberg](https://www.bloomberg.com/news/articles/2026-05-12/korea-floats-citizen-dividend-using-ai-profits-samsung-falls)

EDIT: To the guy who thinks 200 shares was my entire position. Fuck you

https://preview.redd.it/td6kjri5bt0h1.png?width=574&amp;format=png&amp;auto=webp&amp;s=923ddb6c2e10a333bc272f082dbb1b52fb771ae3

And yes my broker sold off the 200 at $708

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