$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ man this is getting crushed right now. time to buy?
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Truong Anh Kiet : time to sell, and Jan come back. Dec will be more short sell
DiMoney : What about the Santa Rally?
10baggerbamm : I would disagree with you. how I would play it is I would sell a 22 put contract that expires next Friday. we're seeing a blow off right now that is completely oversold there's no rational reason for it. everybody seem to have forgotten about the growth that's going to take place in artificial intelligence I think it's a lack of intelligence right now of people that are selling it and they deserve everything they're going to get which is a big fat loss. Nvidia has everything pre-sold for next year I don't know what the numbers are going to be I don't know what the margins are going to be for the Blackwell chips the gpus that are sold versus the n200 the n100s. we're going to find out and they're marking Nvidia down right now. so I don't know what the knee-jerk reactions going to be next Wednesday at 4:30 but I know one thing every time the sector has been pummeled it has come back granted it did not return to the July highs of $70. the revenue growth in this sector is 30% collectively that is a higher rate of growth than virtually any other sector. any stocks are being marked down because of the uncertainty that exists with President Trump and potential sanctions. I can guarantee you they're not going to be any worse remotely close and as severe as what people think. this is institutions and hedge funds shorting the shit out of this entire basket because they have the money to do so. it will reverse it may be after Nvidia that Thursday and maybe a week afterwards it may be January 20th I don't know. but what I can tell you is this will be back the $40 within 90 days