The semi short pile-on is textbook late-stage crowding — everyone betting against the same trade at the same time is how drawdowns flip into rips. But here's what nobody's asking: if (https://www.marketwatch.com/story/micron-and-other-memory-makers-are-driving-a-supercycle-for-this-corner-of-the-chip-sector-398c40c5?mod=mw_rss_topstories), why are insiders suddenly liquidating?