I hate this market right now. I just need SOXL back above $230 so I can recover my losses and chill for a moment. It gapped down so easily for two weeks but gapping up is a struggle.
Any thoughts on this Fridays Nasdaq debut of SK Hynix shares. Although not a traditional ipo and despite the weak semi conductor market , I would expect the four main banks involved Bank of America, Goldman Sachs, Citigroup and JP Morgan to support it and make it a big success at least initially. Although I am down 50k in my current Soxl holdings (bought at 236), I will probably sell tomorrow and buy SK Hynix on Friday. Do we know if SOXL will be buying their shares. I think either way it will help SOXL as it will provide positivity to semi conductors but who knows. The market feels mean right now!!
What do you think happens tonight. Does soxl plunge like it has done some nights before recovering during the day. Is it worth selling and then rebuying tomorrow morning?