$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Bear math: it just can't keep going up. No fundamentals. No reasoning. Just the idea that it can't keep going up.
Well, you clearly haven't traded Direxion ETFs much. I've watched $Direxion Daily Junior Gold Miners Index Bull 2X ETF(JNUG)$ spike from $100 to $200 in a single day.
TECL went from 50 to over 200 in a month.
SOXL recently moved from 90 to 150 in less than 2 weeks.
If AI is overextended, don't you think TECL would be down the hardest?
The messages I get are fuel to this fire. SOXL $200 and SOXS back to the teens and under.
Nobody buying SOXS is making money.
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