Direxion Daily Semiconductor Bull 3x Shares ETF Stock Discussion

• 70825143 : Please get off the bus promptly at stop 31-32.

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• 72815616 : Can’t agree more. Really want to sell all my SOXL today, but I feel I will regret in a week.

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• JFL : Hahahah

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• 10baggerbamm OP JFL : what I said this morning holds true you've got primarily 10 large holdings in this basket ( there's more  just less then one percent) most of the top 10 have been taken out behind the barn and beaten to death, micron most recently. AMD has been this bloodbath, this constant death by A thousand cuts. it's the second largest holding in this basket it's down over constantly from March of this year. I just hope you get the dogs of the Dow mentality with tech stocks people that are contrarians by the laggers that were the losers in hopes that there's a rebound maybe in fundamentals but if nothing less than when institutions rebalance their portfolios where they had no position in it they're going to buy a little bit and the cumulative effect of everybody buying a little bit can lead to significantly higher stock prices.

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• TheOracleOfBroMaha :

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• JFL 10baggerbamm OP : What’s your target to take some profit ?

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• 10baggerbamm OP JFL : 29 is a level of resistance and this is not an exact science because it can go a little above it or stay a little beneath it but everybody sees it and literally when it crossed 29 the algorithmic sell program kicked in and brought it down about 50 cents very quickly.
  the balance of this week is not a lot tomorrow to 1:00 close Wednesday the market shut down Thursday volumes like Friday the volume is light
  it's very very easy to manipulate individual companies or baskets of companies when you don't have retail buyers.
  and it's easier to knock something down than it is to bit it up it's easier to collude with market makers and say look I'm going to be hitting bids shorting the stock I don't want you getting hurt walk away just pull your bids away from the market.

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• MC1688 : Dropping soon. Losing volume

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• MC1688 : Closing $27.3 tonite

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• 54610 :

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• All in everyday OP MC1688 : close 30

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• 憨直的斯威尼 : Put to where.

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• 10baggerbamm : $29 is a 20-day moving average 28.30 represents nothing there's no line that you can draw unless you're a drunk trying to play connect to dot where 28.30 is resistance

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• JFL OP 10baggerbamm : They keep selling once reach 28.30. Why ?

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• 10baggerbamm JFL OP : it's a nothing number I'm telling you it means nothing.

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• JFL OP 10baggerbamm : I will keep and wait for 29.00

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• 10baggerbamm JFL OP : you have to understand that the 31st next Tuesday is the last day of tax loss selling there's people that own this much higher this basket and they're going to use rallies to sell into rather than pay taxes. so what they'll do for example is they'll take the loss right here makes no difference 28 and a quarter $28 and then they'll sell an in the money put a dollar lower going out 30 days into January and collect the premium. if it falls in a month they get put the stock lower than where it is and they collected a premium in the meantime. you also have to understand you got AMD in this basket they're dead come January 28th they're screwed you have micron that was one of the largest holdings they're dead you have Qualcomm go down the list of all of the holdings and they're all falling by the wayside they're like soldiers on the battlefield getting shot because they're disappointing you can't have one or two companies leading entire index higher it has to be rallied with the majority of multiple companies need to be six out of the 10, 7 out of the 10. not two out of the 10

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• 72815616 : I would say don’t victimize yourself bro. It is happening and just admit your gains.

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• ひな☆彡 SOXL(Bull) OP 72815616 : Oh well unfortunately it did go lower then previous low so we aren’t seeing the full reverse yet and it’s not gain, if it’s unreliased.

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• ひな☆彡 SOXL(Bull) OP ひな☆彡 SOXL(Bull) OP : Soxl investors should be disappointed from the past two days movement, doesn’t mean should sell but it’s fair sentiment

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