Loading ...SOXL
SOXL did not make a new high despite the many, many multibagger semiconductor and chip shares.
It had its highest in Dec 2021 which it never eclipsed.
Was it a true bull market?
Edit it was at a an intraday high of 70.08 on July 11th 2024. Today’s low, so far, 28.14
GL
both my kids joined me in that one on the first leg up.
(and they got out at 3x)
and not 15 minutes ago, I noticed that as well. good eyes!
SOXL is a decaying asset
these 3 X ETFs never track the ubderlying ( SOX in this case) well…so of course it never made a new high
Couldn’t agree more. Having started by “gambling career” with NUGT and JNUG.
But also understand the need to make a quick buck, to buy more juniors. No better vehicles than SOXL and its ilk.
Of course, SOXL is just an example.
Let a bank panic occur, then the leveraged financial ETF will be the vehicle of choice to be held for may be a few hours or a day or two.
GL