$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ every chip stock is being shorted by institutions right now.
chart looks like shit I talked about it earlier in the week nothing has changed it's shit on toast at this point.
if you can somehow remove your emotions from this basket of stocks take a pause breathe and look at July
we had a bloodbath sell-off that took the stocks from 70 to 22 this leveraged ETF.
it then recovered went over 40 back down back up.
earnings were very good despite the fact that there's zero tolerance for weakness in any category within their business model.
it's a bullshit game that's played by analyst yesterday you had two Wall Street houses raise estimates on applied materials going into earnings they are significantly higher than anybody else they increase their forward guidance higher than anybody else.
and guess what they missed the high-end guidance no surprise because these fucking shitbag institutions have the ability to control stocks they manipulate them because off of there unrealistic increases in the 11th hour applied materials comes in short of these egregious levels of guidance that were changed by two major Wall Street houses.
I will guarantee you that they were short not only applied material directly or through derivatives but the entire basket because it doesn't take a rocket scientist to understand there's collusion at the institutional level and they have the ability to pray on retail investors.
we recovered from July and we will recover from this I don't know what Wednesday will bring next week with Nvidia and Jensen but I suspect they're going to pull the same bullshit games and the day before raise the guidance to levels that are fucking absurd.
so if this basket goes down to 2122 again I will tell you sell everything you fucking have get a mortgage on your house and bury it by this basket because it will recover.
the other reason for the significant sell-off by the institutions is the uncertainty of what Trump will do with regard to sanctions.
and understand Trump is not going to kill American Business and the bulk of these companies are based in America and he's not going to impose sanctions on the chips that are manufactured by American companies via Taiwan semiconductor to the point that they lose profitability they lose money he's not stupid but the analysts want to take advantage of the uncertainty and they have shorted the piss out of this entire sector.
don't be stupid shut your computer off walk away yes it's early in the morning if need be go get a drink go to the gym but these stocks will recover and you will make money on this basket don't do stupid things and panic
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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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74301750 : agree