That's even worse than buying SOXL lol.
Just because I know it'll crash eventually doesn't mean I can time it.
SOXL closes under the 21ema, I'll buy SOXS, bc that'll be the first time that will have failed since this move began
I went with some mull, which I'll sell afterhours or next morning. Then I'll consider going into soxs/mud/sndq the next day, depending on how the vibes are.
The "bubble" pops on semis when the large caps decide to drop capex on AI infrastructure and turn back trying to show a profit. All the recent capital raises in an effort to outbid one another for a small pool of hardware seems pretty late stage to me. But I'm also down \~60% on SOXS.
"I’m waiting for a large AI player capex to reduce significantly. That’s what I see as likely to be the signal for the rest to go down."
This is my exact scenario. When capex by the bag 7 flattens or drops, I'm inversing.
AI has carried this market for a year+ and at some point, shareholders will need to see a return on that AI investment. You can cut jobs & blame AI for only so long before results are needed.
I'll hit up soxs and a bunch of ai related company inverse etfs when I think its time. Make money on the way down then use those profits to buy for another run up 😀