$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...

10baggerbamm : it depends on Nvidia today. if there's a kinking Nvidia I think we'll see $42 tomorrow in the open. that would be the in my opinion the worst case scenario because other companies are comprised this basket have done exceptionally well their quarters already closed and they've guided higher so Nvidia is the largest percentage over 8%, leveraged in this basket so it will move the basket and all other chips tomorrow significantly one way or another. short term if Nvidia knocks the cover off the ball like they did in February I think we'll see 52 and a half to 53 tomorrow on the open and I believe within the next 3 months we'll have backing and filling and we'll have concerns over our interest rates going to go up is the Fed going to raise rates all that other happy horse shit nonsense but I think you will see high 50s 58 to $59.
if Nvidia has any weakness it's going to be a short-term aberration and this basket should be bought on the open tomorrow or after hours so if we see $42 on this basket when Nvidia announces I'm buying I'll be buying several thousand more shares because the following morning which would be tomorrow Thursday morning it will be bit up and we see that with tech stocks they miss they slaughter them and then throughout the day they trade up. so if we see 42 post market closed today buy it because I believe that you'll see 44 and a half to 45 tomorrow throughout the day

102802457 : 55

rockstarsOP : when it will reach 100$ ?

10baggerbamm rockstarsOP: well you figure you need a double that's 100%, so the underlying basket needs to go up 33%. Nvidia crushes it today they crush it again in June ASM lithography into the fall kills it because they're back half-oriented they've already said that along with everybody else fourth quarter is the big cap expenditure to avoid taxes that's when companies go balls out and write big checks combine that with a Fed cut going into the next year to Fed cuts maybe three you get a little multiple expansion I'd say by June July of next year it's a hundred

10baggerbamm : if you read my comments, I said I think we'll see 52 and 1/2 to 53 on the open and we're at 53 right now.