$Semiconductor Bull 3X Shares(SOXL)$
Personally, I feel that all stocks including large cap stocks are oversold at this level so there is a high probability of a rebound. The situation right now I feel is that big funds are pushing the stock high up daily by a few % and then sell them to retailers by making them think the rebound is now and then bring the price down again so that they can purchase these stocks at a somewhat lower price. This also kills both side of options, killing PUT options in the morning and then CALL in the afternoon.
I do believe that in the long run ( next few months to a year) it is a bear market and indexes will make new lows. However, at this moment I feel that big funds are luring in shorters to think that the new low will be formed right now, but then there might be a sudden big rebound to kill these shorters in the short term. Thus, this is why I am entering these long positions right now for the short term rebound. I do see SOXL reaching a price to at least 11.30 - 11.70.
What are your thoughts?
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