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