Judyjudejack
2023-07-24
$Semiconductor Bull 3X Shares(SOXL)$ 

Jittery week...

The end is near where we will see a massive reversal come from today till wednesday. 

As the feds increase the interest rates, the banks will tighten lending. 

Who will the seminconductors approach for the resources to manufacture?

What is the demand now when exports are falling?

How will China react to the tightening of US Chips?

Why would China continue to freely export Germanium and Gallium for production of Chips?

When will we get answers? Till then, let the foolish bulls continue with their delusions that AI and EV will continue to earn.

In my opinion, i relate to this over drive in buying as to the time when the internet bubble was inflating. Nonetheless, many never learn from history. Good luck, because that's how they invest.

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Comments

  • ZOE011
    2023-07-25
    ZOE011

    It is expected the Fed will hike, which won't move the market much either way, but the forward direction could have a big impact on the growth / tech stocks. It will be an exciting week in the market.

    • xXxZealandxXx: 
      agreed, I have a small gut feeling most of us are Risk Managing our Port, till hike over. TSM biting it hard with AMD slow recovery (for me)... Heavy tech jumps into banks... I picked  BAC up during the AI confusion. The storm is ending.
  • bubblyx
    2023-07-28
    bubblyx

    SOXS should be just about 12.50-13 at that point (~35% move on the 3x etfs)...no guarantees, but those are my estimates at this moment...any longer time frames and decay has to factor in.

  • cheerzy
    2023-07-28
    cheerzy

    It will be interesting to see how the rebalancing impacts the semis next week. Almost all (if not all) of the semis in SOXL are in the Nasdaq 100 and a rebalancing could mean funds and money managers reduce their positions in semis, leading to a sell.

  • wigglyz
    2023-07-28
    wigglyz

    held it too long last year when it crashed. with $28 price now. Still down 40% for me :0

  • JONESTea
    2023-07-25
    JONESTea

    I'm not even going to consider this until SOXX at least fills its 450 gap, which is another 11-12% down, and mathematically puts SOXL around 16

  • Hilliton324
    2023-07-25
    Hilliton324

    Most of the semis in SOXL were up today (QCOM, TXN, AMAT, AVGO, LRCX). So even though NVDA and AMD were down, the others were propping it up.

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