$Semiconductor Bull 3X Shares(SOXL)$ As I have mentioned in previous posts, the sad "fulls" (foolish bulls) thought this will still skyrocket in light of AI and its hype. Nope, they got it wrong. This will only slide further in the next 20 days until all those with this holdings, feel the pain of unrealized losses similar to the US banks. The crisis of the mortgage loans will drag this further and we will see the major upheavel when Brics announce their new strategy on 22nd August.
Expect more pain and continue to buy to leverage your losses. Otherwise, you may look at purchasing SOXS and recoup the loss.
The indexes - DJI, Nasdaq, S&P are expected to fall greatly in the coming weeks, months and well into 2024. ( debt default is now a risk so real on the table )
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Comments
I think Nvidia is a great company with management that has vision and knows how to execute. Let's see $12 billion in revenue and $2.40 EPS. That will pop. And a big guide up for the after-party.
I’m overall very bullish on this, but overall market headed lower. 20 day MA just crossed above the 55 on the VIX. Looks like it’s forming a new trend. Once VIX tops out, I’m jumping back in for the ride.
NVDA is suppose to surprise the whole world (on AI) very soon and we are all going to witness a very huge jump up on soxl.
SOXL may get a little bounce tomorrow but next week is going to be tricky
It's about time prior to the NVDA rally next week. Peace!
under 20$ is strong buy