Direxion Daily Small Cap Bull 3X ETF Stock Discussion

104238715 : don't know how many trapped becuz of him

10baggerbamm OP 104238715 : oh Tom Lee fucked over a ton of people and he stood online real time to his shareholders that pay a subscription fee for his services and he stood on TV saying absolutely small caps rally 40% by the end of the year and I'll tell you and you can go back and read my post I respect him I made money from him before I disagreed immensely with what he was saying and I outlined why I did take a shot and options just in case because hey look I don't know everything and I'm not always right and I'll yield to him because he's been very much spot on in the past but this time he buried the shit out of people I mean he destroyed people and the amount of followers on TV with these other bobbleheads that for months were saying oh small caps are the place to be they're the place to be they destroyed their investors

104238715 10baggerbamm OP : oh u also victim? hv u cut loss

10baggerbamm OP 104238715 : I did not buy the ETF I traded it last year many a times when it was in the twenties 25 to 27 back to 26th to 29 the whole way up I traded it. I also traded it from 37 to 42 in that range.  I didn't believe 100% what Tom Lee was saying but I wanted to at least extend him the fact that he doesn't know a lot and maybe he's looking at something differently than I am so I bought I'd have to check it's either January or February expiration and it was a 60 strike. I paid I think it was like 50 cents for it and I was up at one point 150% because at one point the ETF and the Russell moved up that week 10% so I caught that push and I was literally looking at my account thinking maybe I should take back my initial investment and like an idiot I didn't do it. so the rest is history everything is rolled over. but I don't believe there's going to be any significant gains it's not to say it can't trade back to $40 as a ETF or 41 or 42 but I don't believe we're going to see the old highs of 51.wherever it was a month and a half ago

绿色的菜 : 40 is suitable for opening a position.

WODAO 绿色的菜 : The name is really subtle.

10baggerbamm OP WODAO : 35.36 is support

绿色的菜 WODAO : Just enter in batches. And besides, do you live by the sea? Why do you care so much? If I were to name myself "father", would you have to call me that?

10baggerbamm : actually Tom Lee said a 40% gain in the Russell by the end of the year by the end of the Summers where his exact words. the problem is small caps need two things lower rates and a strong economy and now there's a fear we're going to go into a recession that chairman Powell has lost control that he missed the opportunity to cut and you're going to find out today unemployment and if unemployment is 4.2 we're fucked because even though he could cut today at any point in time he's going to wait till September because he's data dependent. a half point cut will not help any small caps you need minimum 150 basis points to 200 basis points that puts his second half of next year best case scenario to get there so that these companies can refinance at lower debt because they're paying $12 to 14% interest right now on borrowed money so a half point cut saves them zero. furthermore in the past 4 years the Russell as a basket has had declining earnings so right now you just had a multiple expansion based off of the ideal scenario rates are going to come down money is cheap and this basket rallies except there's two negatives which I've outlined here why it's not going to be a 40% game and I will tell you this when the market tanks in tech people are not buying Russell stocks