Direxion Daily Regional Banks Bull 3X Shares ETF Stock Discussion

• 10baggerbamm OP : I certainly blew this one it completely reversed yesterday's out of nowhere so I apologize if people were waiting on me to tell you to buy it and you missed it it's my bad my mistake. everything I was looking at showed mid 80s but it's not an exact science..

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• 10baggerbamm : yeah I'll give you a hundred to one odds that'll never happen

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• 潜力股火热招商中 OP 10baggerbamm : you will know, positive

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• 10baggerbamm 潜力股火热招商中 OP : well I mean unless you're planning on a nuclear war in which case it really doesn't matter there's no fundamental way to take the regional Banks down 90% from here in a declining rate environment any loans that they have made that were the potential at risk loans will be able to refinance much easier than at higher rates number one number two because people are going back to work in office buildings the risk asset of the commercial properties that they did make loans to they're now going to be going up in value versus where they were a year ago. and lastly all of the stress tests that they go and get held to were they verify the reserve ratio the money that they have sitting aside that they cannot invest to cover potential losses these banks are stronger today than ever in the past. so unless you got a red button on your desk where you're going to start a nuclear war there ain't no fucking way in the world that they're going down to eight bucks

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• 潜力股火热招商中 OP 10baggerbamm : you even don't know what the 3x means

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• 10baggerbamm 潜力股火热招商中 OP : yeah I have no idea what a 3X leverage ETF is I have no clue I mean do you understand this did a reverse split you realize that right no you don't if you're pulling a chart and you go oh my God it was down to $4 before it could go to eight you have no idea what the hell you're talking about

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• 10baggerbamm OP : I'm still waiting everything is still down ticking we were down 450 on the dowel right now down 710 and the banks keep setting new lows so I have not sold any puts yet obviously we're past 82 or 80.75 as of this message so I'm just going to keep my powder dry and see where we go..
  the 250 day is at $74.. at this rate we may test it this week.
  never going to hit the bottom you need to go in in $2 increments below the market when you're selling puts I still think 82 81 80 are entry points it may go a little bit lower.

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• 88FTW : Its a falling knife, gonna wait for a good entry, i bought at 106, and now its ~80~81, i had to cut loss, losing faith in this one lul

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• Jennie- 88FTW : We bought it at the same price.Are you cut already?

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• 88FTW Jennie- : Yeah, i cut it at around 81.9

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• 88FTW Jennie- : Anway, 106 is not a good price to enter based on my indicator, i kinda regret after i bought it

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• Guardian87 : i guess no cut rate next month

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• 10baggerbamm : citizens Bank reported earnings we're short then you've got the FED not cutting rates and you have to understand that regional banks have a trillion dollars with a commercial loans on their books and most of these properties are sitting at a high percentage of vacancy and the true value of a commercial property is when it's generating a profit not a loss so the loans on these commercial properties were based four or five years ago pre-covid when they're running high 90% rented now many of them are 50 plus percent vacant so the asset value of say $100 million commercial property five years ago may only be worth $20 million dollars today and that's been the fear with buying regional Banks because they must have interest rates lowered so that the holders of these commercial properties have the ability to refinance at lower interest rates and since rates were not cut you see the result with the regional Banks

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• Tesla 1st : The rise is getting more and more uncomfortable. Today it is > 10%

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• Tesla 1st : Maybe they are all optimistic about the bank financial reports that will be released

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• Tesla 1st : When interest rate cuts come, TLT should rise

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• Tesla 1st : May I ask your interpretation that it will rise now , and if a handle appears, will it fall? thanks

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• 10baggerbamm OP : for a year and a half Tesla has done nothing it was down 30% this year so the magnificent seven became the magnificent six and terrific two whatever. the point is once the shareholder meeting took place you pretty much put the cards on the table and told everybody at that time where the future will be with Tesla and if you didn't believe in autonomous driving don't be a shareholder sell the stock. and where the future lies with optimist. and then come August we have robo taxi. so what's happening obviously is everybody that was underweighted in Tesla is now accumulating a position in it. it's going to dip it absolutely will but I believe that Dan Ives is right, this week he raised his Target was it 290 and there's another on the street at 320. so I think any dip is going to be a by the dip

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• MomentumPython1337 : it just formed a handle and in the process of breaking the handle damn

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• 10baggerbamm OP MomentumPython1337 : yuppers...

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• MomentumPython1337 : do you have to pay an interest every day for buying leveraged etfs? never owned them before and moomoo isn't telling me anything

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