https://t.me/CIG_telegram/52816
🇺🇸 The flooding in North Carolina has a potential to throw the semiconductor and tech markets into chaos!
The town of Spruce Pine is stranded as the major roads linking it to the rest of North Carolina and the US are flooded. The Spruce Pine Mining District in the Blue Ridge Mountains of northwestern North Carolina, produces mica, kaolin, quartz and feldspar.Spruce Pine district is one of the largest suppliers of high-purity quartz, which is used in the manufacture of silicon for integrated circuits.
The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that is the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers.
@CIG_telegram
If this truly rocks semiconductor and tech biz - it could be exactly the "cover" they need to unwind the NVDA positions and leave millions who invested in it as bag holders.
I've been waiting for some kind of excuse so they can short the shit out of it and drop the price into the $40's - $50's.
40s and 50s hell... that price is going to go into the 10s and 20s... IF this semi conductor thing is true, combined with the ILA strike, no one can make chips, it is going to hurt everyone... all tech stocks will tank.
It'll hurt everyone that doesn't have $5B cash on-hand w/ $0 debt. That's for sure. And that means those who illegally naked short any company with $5B in cash and $0, who are using their other positions in tech as collateral - will lose their collateral.
Whoops!
I'm for it lol.