It looks like Snxx is about to disappear....

Created at / Updated at
149.**.48.86   6   11   0  

Currently it's 7 dollars and something…

 

If it hits 0 dollars even as soon as tomorrow, it looks like it will be gone…

 

T_T...

 



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Those of you who took a big hit are all just holding and hanging in there, right? That's what I'm doing.

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Lucid is up 23%

  Comments 11
231.**.46.86 (Updated at )   | Reply
Looks like it'll split soon..
69.**.66.139 (Created at )   | Reply
If it keeps dropping 20-30% every day like this, it's eventually going to disappear, right? I don't know whether I should sell or buy more ㅠㅠ
  137.**.196.218 (Created at )   0  
I don't trade snxx, but I trade SOXL. As someone who, like Person #3, has watched it drop from its peak down to the $5 range, I started buying in tranches from the $10 range, ex) $10 - $9 - $7.5 - $6 - $5.5 (the next was $4, but since it didn't go that low, I remember heavily buying in tranches in the $5–$7 range...). The leveraged SOXL I bought during the bear market brought in big profits. I'm not recommending buying leverage, though.
  196.**.180.188 (Created at )   0  
Did it go from the $5 range to a high of $279 without a reverse split in between?
  27.**.126.29 (Created at )   0  
That's right, exactly a year and a half ago it was $5 and went up to around 300..
When it was gaining momentum and rising, even at $15 I thought, "Didn't it rise too much?" and dumped it as soon as it dropped just a little, but..
Seriously, after watching it rise like crazy over the past year, I jumped in in May and ended up in this mess.. as for me..
  151.**.113.169 (Created at )   0  
There was no reverse split. At that time, the decline started when the war broke out. It didn't plummet tens of percent consecutively over a few days like this semiconductor correction, but rather gradually descended step-by-step while making waves, so... the whole sector went down. This semiconductor downturn is a sector drop I'm seeing for the first time as well... But because it surged so ridiculously from the first half of this year until mid-June, I think a time like this was bound to come. During the 2022 bear market, I unconditionally held on to SOXL leverage (a large amount from peak to trough), held it for about two years, and then sold at the peak. With that experience(?), I never hold long-term anymore; I always rebalance, taking profits on shares bought at high points, securing cash, and executing buys and sells mechanically.
37.**.83.35 (Created at )   | Reply
In 2022, SOXL fell to the $5 range... I wondered if it would go down to 0, but that was the bottom. In the $5 range, my hands were shaking (?) so I couldn't buy, but as it started surging from the $7 range, I loaded up as if possessed (?). It seems like it'll hit bottom soon...
  129.**.211.72 (Created at )   0  
In 2021, after a 15:1 split from the $600 range, it went from the $40 range down to the $5 range and then came back up.. I bought in the $30 range and panic sold.. After that, I waited a few years and bought at $9 last April.
32.**.183.61 (Created at )   | Reply
Sigh, what should I do? I had a few chances to get out, but I couldn't escape and now I'm bleeding heavily T_T
242.**.135.192 (Created at )   | Reply
I got trapped as soon as I bought in too. There hasn't been a single day it went up since I bought it.
  85.**.25.11 (Created at )   0  
Will the current $7 turn into $0 tomorrow? It won't disappear; it'll probably just keep fluctuating and fleece the retail investors who keep jumping in and out, holding out hope.
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