$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ take a l...
$Direxion Daily Utilities Bull 3X Shares(UTSL.US$ take a look at the chart below do you see that yellow line
that's where we are going $46.00
and when revenues begin to accelerate in these boring utility stocks because of rate increases as a direct result of the build-outs that are going to be required for the data centers which need enormous amounts of electricity we could see north of $50 in 2 years.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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iced9999 : hey bamm what's your take? is it low enough to dive in?
10baggerbamm OP iced9999 : I looked at it a few minutes ago so I was in it last year I wrote it up into the low 30 I took some profits in it I left some profits about a quarter of my profits in it. come down because interest rates stay higher utilities as a whole gets sold off that's a known fact it's sold down just like the banks have been hammered the banks had a huge pop this morning the utilities are actually down. the story behind the utilities that was picked up very late in the game by a lot of these bobbleheads was power for the surge in demand for AI. but you have to understand there is a time frame it takes for these utility companies to build out for data centers it's much slower from a regulatory standpoint from a construction standpoint from an infrastructure standpoint than it is say a chip company to develop a new chip utilities working years chipped up companies can work in months. so it's 26 now I looked at it about 5 minutes before I read your post I think we could hit 24 for a low maybe a lot of it's going to depend on what pal says this afternoon. so my suggestion is the following if you understand options you could sell a 25 put you're naked you need to have the cash in the account collect the premium if you get put it at 25 your cost basis is 25 less the premium so you'll be some place in the low 24s and I wouldn't go out more than two weeks. if you don't want to do the options you need to understand right now everybody is risk on for tech and they're selling off some other positions and utilities were one then they're moving into Apple which was heavily underweighted
10baggerbamm OP 10baggerbamm OP : the long and short of my answer if you're going to buy it at the market right now 26 and change I would buy half and if we do see the other pull back in the next week or so to the 24 you could average down with the balance. the CPI today was very bullish for rate cuts and I think the probability is like 90% now in September up from 60 we see a rate cut the money is going to surge back into utilities and then the story from everybody on TV is going to be data centers data centers they need power they need power and utilities are the way to play it and we'll see new highs we'll see 31, 32 out of it..
iced9999 : thanks bamm. I think u know it well.i saw your soxl profits. need to learn some tips from you. thanks for your insights. really appreciate
10baggerbamm OP iced9999 : you have to understand that right now everybody is risk on for chip stocks everybody is piling money into Apple because about 90% of the mutual funds were underweight Apple stock so they're selling off other positions that they had profits in that in their eyes are going to be slower to evolve to the next level so utilities were one that got hit Banks regional large ones they got hit so money's going into chip stocks money is going into all the fast-moving and video it's chasing velocity but it will cycle back into the utilities. and then it's also going to cycle back into the big best commercial real estate investment trust and I'm in one of the leverage ones drn.. you can read about that I think that's going to be a 12 to 18 month 20 to $21 it needs physical rate cuts but it can be bought on weakness I mean it was just eight and 1/8 and it's back to like 9 and 1/8 right now in the past week or so
iced9999 10baggerbamm OP : u know it well that is why you are sitting nicely with the bags of money. really glad I met you with the info you are sharing.
10baggerbamm OP iced9999 : you know what it never gets easier because the deeper the pockets the bigger the swings today is a huge upday it's one of my largest...but I've had painful down days and weeks just like everybody else. it's just numbers on paper.. but it's a game at this point and I hate to lose so I'm like my bat my ball if you don't play by my rules I'm leaving.. I can be a very angry poor sport when it goes against me I broken a few cell phones this year already
iced9999 10baggerbamm OP : u win some u lose some but I guessed the lessons you had made you a better one to be in this market trading with more profits now. your selfless sharing will bring you good luck.
10baggerbamm OP iced9999 : I'd like to help as many people as possible so they don't screw up like I did throughout the process and believe me I still make mistakes it still sucks it's very painful but that's the nature in investing you just have to avoid the landmines when you're walking from point A to point b to get to the pot of gold on the other side
10baggerbamm OP iced9999 : the other thing is a long time ago when I got started as a stock broker it really was cutthroat competition in the office your name's on a grease board how many accounts you opened how much assets you raise what the commissions were and if you were fortunate enough to come up with a good idea you didn't want to share it with anybody you wanted to put your clients in so they made the money so that you moved up higher on the board compared to anybody else. but really was a me against everybody else and even though your friends quite frankly you wanted their stocks to go to zero to put it mildly you wanted to win. here it's different here you want everybody to win you want everybody to make money so I will share everything and be completely forthright and candidate with everything I am doing (buy/sell) and my opinion..
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