$Direxion Daily MU Bull 2X Shares(MUU)$ I'm still holding my position, even though it's down about -20%. The thing with this ETF is, it can rebound just as quickly as it dropped. The recent dividend from MUU was a positive surprise. If 21.7 is indeed the average P/E for MU, then it's hitting that level right now. There's a lot of talk about capex concerns trying to push it lower, but to me, that's just noise. I'm looking ahead to the September earnings report; I think it could support MU at around 1,578 if it maintains that 'average' P/E. That scenario would put MUU's share price above 1,800. I'm planning to hold through this and see where it goes into 2027.
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