Which leveraged semiconductor stocks do you hold, and how much?

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169.**.203.240   4   3   0  

I have 500 shares of SOXL, 2,500 shares of SNXX, and 1,000 shares of MUU, and I plan to liquidate them today to switch over to crypto. Still, since I didn't enter too early, I am only down about 30%. Bitcoin has dropped a lot, but I am hoping it will rise if it gets Senate approval on September 15th.



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Why is VST dropping so much?

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95.**.173.248 (Updated at )   | Reply
If you're expecting the CLARITY Act to pass... there is still a high chance it won't be approved in the Senate in September.
For reference, on Polymarket, the probability of it being approved within the year is currently viewed as low, around 26%.
It will likely be approved eventually due to the US fiscal situation, but since it's something that could be a positive factor for the Trump administration, the Democrats are very likely not to pass it before the midterm elections.
The Democrats are using the conflict of interest regarding Trump himself and his family as their justification for opposition... If Trump had agreed to accept those ethics clauses this time, its passage could have rapidly gained momentum, but there's no way that guy would do that.
Seeing how he completely left that topic out during this meeting as well, I figured it won't be easy before the midterms.
101.**.210.207 (Created at )   | Reply
For your information, Citadel reportedly liquidated about 80% of the funds it bought from SA recently. If semiconductors rise temporarily after Nvidia's earnings, selling them off then might also be an option. Also, Bitcoin tends to rise before the news, and once approved, there is a possibility of a pullback as the catalyst is exhausted. Rather than closing out your leveraged stocks and moving into crypto, it might be better to invest in regular stocks or index funds when a market correction comes... It seems like your investment style leans toward highly volatile stocks.
209.**.240.225 (Created at )   | Reply
A few days ago when SOXL went up to $150, I regretted not cutting my losses, so for now I'm planning to hold onto it until next week. Won't it shoot up big time before or after Nvidia's earnings next week? I'm also internally conflicted right now about whether I should sell everything and switch to Ethereum.
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