$Direxion Daily Real Estate Bull 3X Shares ETF (DRN.US)$ we ...
$Direxion Daily Real Estate Bull 3X Shares ETF (DRN.US)$ we need to push through 12.65+ it would be great to see it between today and tomorrow if not early Tuesday next week. I'd like to see 13s, 13 and a quarter 13.30 within the next two weeks. as we approach September's rate cut I think you will begin to see more of a wave of bobbleheads starting to look at this sector. It has been neglected immensely, nowhere is near a 50% reversion let alone breaking new highs like for example utilities are and regional banks are. and the logic for not buying the regional Banks was the concern over the trillion of loans on commercial properties that must be refinanced. this was going to result in a significant amount of losses to the regional Banks once they are reevaluated and reappraised as a result of their vacancies. well using basic logic if there's no problem buying the regional Banks and they have significant reserves to avoid any issues for the few dud properties then there should not be an issue buying the very best real estate investment trusts which is what comprises this leveraged ETF.
looking for $18 by mid next year and low 20s in 12 to 18 months. once momentum starts in this sector I think it will be sooner I just want to be realistic for the people that need to assign a time frame to their investments.
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