Charlesqkw
2022-09-28

$Semiconductor Bull 3X Shares(SOXL)$

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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Comments

  • unrivalled investing
    2022-09-28
    unrivalled investing
    if u are suggest to enter SOXL just to sell at $12 then suggest u might as well not enter because as you mentioned your downside risk is way higher than your upside
  • DIMCO
    2022-09-29
    DIMCO
    Just got back into SOXL at 9.61!! I'm now willing to hold for much more upside 12-13 bucks!!!
  • BellaFaraday
    2022-09-30
    BellaFaraday
    I don't think it's a good time to go short either.
  • PandoraHaggai
    2022-09-30
    PandoraHaggai
    It's actually a dangerous time to trade for short periods of time.
  • ElvisMarner
    2022-09-30
    ElvisMarner
    Truth be told, the index does not have much room to fall.
  • Sucram
    2022-09-29
    Sucram
    Up up
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