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$Semiconductors (LIST2015.US)$ (SOXL) what we're watching ri...

$Semiconductors (LIST2015.US)$ (SOXL) what we're watching right now is profit taking the lows from Monday to today are enormous as a matter of percent from an index as well as on some of the individual holdings that are the top 10 in this basket. if you missed it on Monday and Tuesday hopefully you didn't buy the open this morning because you're already in the hole you can gradually start to nibble. I sold puts I collected a premium and I have it laddered on the way down between now and Friday time will tell if I get put some a little because there's been times in the past where everything looks great and all of a sudden Friday there's this rug pull and everything gets a Wipeout.. so if you're going to go nibble at this sector and you have picked the dollar amount $10,000 or 100,000 or a million and you have 6 months time frame not one hour an investment that lasts a lunch time.. either sell some puts that are $1.50 to $2 out of the money from here or if you buy it outright at 29 and a half for 29..60 where it is at this message
by a third if it goes down 50 cents do not buy another third it's not enough if it goes down $2 so you would be at say 27 and a half to 27 in that price range buy another third. I don't think we're going to retest Monday I listen to a bobblehead on TV a moment ago saying we're going to retest and we might go lower I think he's full of shit I think the guys got a great tan wears a nice suit and that's why he's on TV but I don't think there's anything between his ears except a big air pocket.. so this is the sell-off I told you I thought it was going to be Friday we're getting a little bit today don't go crazy don't get aggressive cuz things can turn red very quickly when the cell programs kick in..
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker. R/Everythingstocks
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