TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 PLTR
Palantir
-- 80.550 AMD
Advanced Micro Devices
-- 119.210 OXY
Occidental Petroleum
-- 47.130 
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ I bought a position below the middle Bollinger band on the monthly chart. If it continues to drop, there's no need to buy more dips before it touches the lower band at 11.6 imo and looking at the history.
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10baggerbamm : I think you should take a class if this hits 1160 the Dow Jones will be about 20,000
modest Narwhal_1005 OP 10baggerbamm : I think you should learn how to read. I wrote if it drops to 11.6 and not if it climbs to 1160. And what does the semiconductor have to to with your speculation of the dow going to 20k?
10baggerbamm modest Narwhal_1005 OP : you obviously have no idea what you're talking about for this basket to get to $11.60 you would see a massive collapse in the S&P and the Dow so you need to take a step back and understand what is an asinine statement which is what you just made it would be the equivalent of someone saying. Nvidia should only be trading at a multiple of 10 times earnings because anything over that is egregiously overvalued that's how foolish your statement is relative to the one that I just compared it to. and if you knew what you were doing why would you buy when you think it's going to head down to 11.60 you should be shorting which kind of validates my point that you don't know what you're doing.
modest Narwhal_1005 OP 10baggerbamm : The semiconductor has been dipping for 6 months with companies like amat, qcom and amd. They are 6 months ahead in the crash whereas the spxl didn't dip at all yet. If you look at the monthly chart you can see that the price either goes up after it hits the middle Bollinger band or it goes up after it hits the lower band. I definetly don't know where the price is heading. I just know how low the dip could potentially be in the lowest case scenario. Not trying to short anything that went down for 6 months already or short anything. I'm not good at trading short term. As far as earnings goes I'd say that Nvda is fair value because it's annual growth rate of 93% is bigger than it's p/e around 60. It's also likely to see a drop in the s&p soon which is why it could continue to drop. I might go up though because of fair value and institutions buying bargains.
10baggerbamm modest Narwhal_1005 OP : not going to waste my time reading it because that's what it truly is a waste of my time. I got 38 years in the business I think I'm good with explanations from people that know what the hell they're doing and people that are abundantly clueless so good luck to you keep up the great research you're doing
modest Narwhal_1005 OP 10baggerbamm : Impressive track record. I don't believe you have any real constructive criticism to my answer ( I would love to learn if you do) which doesn't make you wrong either in what you said earlier. Just because you did this for 39 years doesn't make me wrong either, you were simply missunderstanding what I said. We both are doing something that seems to be working atleast.