Direxion Daily Semiconductor Bull 3x Shares ETF Stock Discussion

xiaoswee : compare w soxx, have to see etf internal allocation. Anyway this type of leveraged etf is double edge sword, if ur buying n holding this, u will stand to lose more than u earn as downside hurts way more than usual. Jus look side by side with soxx, soxx is hovering around 200ma, soxl is already in bear territory

ひな☆彡 SOXL(Bull) xiaoswee : not necessarily, if it’s upside then it will be way more then usual.  We just haven’t got the momentum yet.

xiaoswee ひな☆彡 SOXL(Bull) : do the math, u need higher percentage to recover. the math applies to normal etf stocks too, downside always hurts bad, highly leveraged etf downside is so bad it v hard to recover

ひな☆彡 SOXL(Bull) xiaoswee : Ok boss

xiaoswee : its best for option plays bros, don't let ur "dead" stocks sit idle, sell calls, sell puts, the IV so high stock price so cheap if even kena assigned it doesn't hurt anyway

leejinhoe : Each share is $2 .

102764470 : Means wat ?

Penguin’ : dead now or dead forever?

70825143 : Will reach 30, then 25, then 29, then 24, and the lows are getting lower.

10baggerbamm : so they're support @26 1/8.
it's important that you understand that there's companies in this basket like AMD better a complete train wreck and in addition to every hedge fund shorting the shit out of this dog crap stock you have massive losses from institutional and retail investors December is a tax sale month so people are offsetting gains with losses and you can go down the list Intel micron from its peak despite having a great quarter Taiwan semiconductor go right down the list of all the holdings they're off their highs significantly and you have people with losses that are selling them in the 4th quarter in the month of December.
so if you do buy it don't go any more than half of the amount of money that you would want to go in because you may be buying more a dollar less could be this week could be next week.
it's important that you understand that next year they're rotation will come back into these stocks and that's because we're not going to get the rate cuts that are anticipated and that's a direct result of trump in office because there will be significant growth to the economy and growth will be perceived as inflationary so the inflationary pressure will derail the whole small cap rally derail financial rally it'll derail everything that money is going into right now will come back out of.
so you need to have time on your side number one and number two again don't buy any more than half of the money that you want to commit

Reds93 10baggerbamm : lol soxs is much easier to guess that one these companies in thus basket will be shit and drive this down it's beautiful but I sold and bought this shit this morning when down 2 didn't thank it would drop 7 lol