This drop probably woke a lot of people up. $SOXLB fell 21.72% in a day to 53.69, just a step above its 24-hour low of 52.43.
It slid all the way from 68.94 to nearly rock bottom. Anyone holding it is probably torn right now: sell and risk selling at the low, or hold and worry there’s another leg down. This is the kind of spot that really wears you down.
I’m inclined to sit tight for now, because rushing in near the low is the easiest way to catch it halfway down. But if it breaks below 52.43, I’ll change my mind immediately—that would mean this drop isn’t over yet.
For those holding $SOXLB , be honest: are you more tempted to buy more or to get out?
$SOXLB
#SOXLB #MarketAnalysis
It slid all the way from 68.94 to nearly rock bottom. Anyone holding it is probably torn right now: sell and risk selling at the low, or hold and worry there’s another leg down. This is the kind of spot that really wears you down.
I’m inclined to sit tight for now, because rushing in near the low is the easiest way to catch it halfway down. But if it breaks below 52.43, I’ll change my mind immediately—that would mean this drop isn’t over yet.
For those holding $SOXLB , be honest: are you more tempted to buy more or to get out?
$SOXLB
#SOXLB #MarketAnalysis