$Opendoor Technologies (OPEN.US)$
Based on the K-line analysis, open long positions while shorting briefly, maintain the bottom position, and temporarily exit the market.

$Opendoor Technologies (OPEN.US)$
Profit-taking sell-off expected, K-line indicates a sharp decline next week.

$Wolfspeed (WOLF.US)$
A decent rebound will not be seen.

$Wolfspeed (WOLF.US)$
Spansion Inc. (Bankrupt in 2009, Manufacturer of Flash memory chips)
• Background: As a global leader in NOR Flash supply, Spansion filed for Chapter 11 bankruptcy on March 1, 2009, due to the 2008 financial crisis, excess inventory, and debt pressures (approximately USD 625 million in senior secured notes). The restructuring plan aimed to reduce debt through creditor takeover while prioritizing repayment to secured creditors.
• Impact on Shareholders: Existing shareholders were completely excluded (recovery rate: 0%). The court-approved plan canceled all common shares, leaving shareholders without any new shares or cash compensation. Even attempts by some convertible bondholders to inject USD 419 million to push an alternative plan were rejected by the court, resulting in their total loss as well. After restructuring, Spansion was reborn as a new entity on May 10, 2010, but the original shareholders' equity was entirely wiped out.
• Stock Price Movement: Prior to bankruptcy, the stock price had already fallen below USD 0.50 and plummeted further to the USD 0.10 range post-filing (a decline exceeding 80%), with trading volumes surging due to speculative activity. After its rebirth, new shares were issued under a different ticker symbol, resetting the price to around USD 5, but original shareholders received no benefits.
• Similarities: Comparable to Wolfspeed’s debt restructuring (70% reduction), creditors took control of the new company while shareholders faced “total loss.” This case highlights the cyclical risks in the semiconductor industry: demand fluctuations amplify leverage effects...

$Wolfspeed (WOLF.US)$ $Opendoor Technologies (OPEN.US)$ The moomoo system update before the market open caused a trading outage; it's time to switch trading platforms.

$Opendoor Technologies (OPEN.US)$ The moomoo system update before the market open caused a trading outage; it's time to switch trading platforms.

$Wolfspeed (WOLF.US)$ As someone who has worked for a securities firm, I would like to clarify that the so-called dilution has no direct impact on ordinary shareholders. This situation is essentially a debt-to-equity swap, where the company will issue new shares to offset billions of dollars in debt. It can also be described as the company issuing new shares to bring in new investors. These investors are not receiving the new shares without cost; rather, they must either contribute capital or convert their debt into equity. Regarding dilution, it refers to the original controlling shareholders experiencing a significant reduction in their ownership percentage due to the issuance of new shares, potentially losing control of the company. However, this is not necessarily a negative outcome. If the management had driven a semiconductor company into bankruptcy, they should have been replaced long ago. The newly introduced shareholders fall into two categories: large institutional investors and key clients within the industry. Overall, this development is beneficial for the company.