Astera Labs Inc (Derivatives) (ALAB)

$ALAB just became the latest 5-bagger in the Family Portfolio 🙃 https://t.co/0Ybjb8x01F

Pre Mkt Thoughts - 29 Jun 26

Asia markets had some early jitters before coming back to almost unchanged. KOSPI, NKY both traded with very strong correlation, selling off early in the morning before inching back into the close.

Lets talk about the memory names. $285A had a dip to 82.5k levels before ending about -4% for the day. This represents a high r/r level for longs. $285A also has triggered some of the prior patterns i noticed in its price action. Meanwhile on the other side, news broke on $SAMSUNG and $SKYNIX planning to build 2 new massive chip fab sites in South Korea's southwest region as part of a "national project". Let's rerun back to Leopold's Situational Awareness article - the manhattan project. The early innings are coming through. Countries are treating this as existential.

The sovereign buildout thesis is manifesting in real time.

Aside, direct implications for Korea is that the rally in KOSPI should increasingly broaden out. I am keeping my eye out for Korea small caps. I believe that f