$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ I sent a mes...
$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ I sent a message to Tom Lee earlier today ask him when he's going to throw in the towel and acknowledge the fact that there's not going to be a 40% rally and the Russell that would be 120% here by the way this is a 3X leveraged. and I was going to be by the end of the year and now he's going to Total bear extremely cautious through the elections that's November 5th so you buried people in the Russell and move 10% in a week you pounded the table up to a week and a half ago saying that there's going to be a 40% rally and now you put your tail between your leg and you didn't come out and tell everybody that you made a mistake.
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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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104238715 : don't know how many trapped becuz of him
10baggerbamm OP 104238715 : oh Tom Lee fucked over a ton of people and he stood online real time to his shareholders that pay a subscription fee for his services and he stood on TV saying absolutely small caps rally 40% by the end of the year and I'll tell you and you can go back and read my post I respect him I made money from him before I disagreed immensely with what he was saying and I outlined why I did take a shot and options just in case because hey look I don't know everything and I'm not always right and I'll yield to him because he's been very much spot on in the past but this time he buried the shit out of people I mean he destroyed people and the amount of followers on TV with these other bobbleheads that for months were saying oh small caps are the place to be they're the place to be they destroyed their investors
104238715 10baggerbamm OP : oh u also victim? hv u cut loss
10baggerbamm OP 104238715 : I did not buy the ETF I traded it last year many a times when it was in the twenties 25 to 27 back to 26th to 29 the whole way up I traded it. I also traded it from 37 to 42 in that range. I didn't believe 100% what Tom Lee was saying but I wanted to at least extend him the fact that he doesn't know a lot and maybe he's looking at something differently than I am so I bought I'd have to check it's either January or February expiration and it was a 60 strike. I paid I think it was like 50 cents for it and I was up at one point 150% because at one point the ETF and the Russell moved up that week 10% so I caught that push and I was literally looking at my account thinking maybe I should take back my initial investment and like an idiot I didn't do it. so the rest is history everything is rolled over. but I don't believe there's going to be any significant gains it's not to say it can't trade back to $40 as a ETF or 41 or 42 but I don't believe we're going to see the old highs of 51.wherever it was a month and a half ago