$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ For those who got in at $155, congrats. I've been averaging down and my December 2024 calls at $160, $165, $170, and $172 are all doing well. It feels like a bottom might be in. Micron's forward P/E is now around 9-10x, which looks very cheap. Honestly, a lot of the companies in this sector seem to be in a similar valuation range. With valuations this low, money could start flowing back in. If it weren't for the geopolitical tensions right now, I think the stock could be over $300 without much trouble.
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