$Direxion Daily MSFT Bull 2X Shares (MSFU.US)$ the sell-off ...
$Direxion Daily MSFT Bull 2X Shares (MSFU.US)$ the sell-off yesterday the climax after hours pretty much across the board was representative of a 50% almost to the exact decimal retracement of the lows of August 5th to the highs after the recovery and now whether you want to call it consolidation profit taking fear mongering whatever you want to say across the board we have corrected about that 50%.
so this is a healthy retracement and I don't care what the catalyst is I don't care if it's the people on TV saying well August and September are typically bad months these people are idiots I don't care if it's well the concern is unemployment was restated 800k jobs and the data is incorrect and now powel way behind the eight ball, he is..
and I don't care if it's is he going to cut a quarter or a half and then it's an election year and there's really no uncertainty in the market so you really should just keep cash until after the election.
there's every reason not to be invested and then you always have a handful of days a year where you have these massive upward spikes and that just proves that you must be invested because if you miss those days that's about 80% of the gains in the market.
bottom line This is where you want to buy Microsoft.. it's a core holding it's a key position if you've never owned it you want to own it this is where you want to buy it and don't worry about it there are cash rich company that's going to dominate 6 months from today one year from today 5 years from today and the stock will trade significantly higher.
and by the way this is a leveraged ETF so it moves at 2x the common stock so if you're not comfortable with volatility just stick with the common.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Maniac Fool :
Omg66 : Will this expire? I want to rent it for a year.
10baggerbamm OP Omg66 : a couple things number one it does not expire it's not a warrant it's a leverage ETF number two I would encourage you to learn about the volatility that exists within a leverage ETF and the risks before you invest in it because making a statement that you did kind of shows me you don't really understand what you're doing and the last thing I want somebody to do is to invest in something and not comprehend what they're buying and the risks associated with it. if you look on moo moo they do an outstanding job of explaining about ETFs and leverage ETFs there's a learning section I'm sure somebody can point you to it and I would encourage you to watch the videos and read and learn before you invest, especially in a leveraged ETF.