I appreciate the warning, AG, but I feel the interest hike is getting baked into the markets currently, and won't trigger that big of a selloff for any length of time.
The big boys with lots of moola need to make their clients a profit by the end of the year. I don't believe they are going to try to do that by SHORTING the major indexes now; not for long anyway. Rather ... I believe they'll work in conjunction to manipulate quality company stock prices higher and higher going into November +.
You've read me ranting about the elections and the Democrats, and that is my "Ace card confidence" that I'll be able to make profits on my T shares if they go south on me in the shorter term.
I'm betting that $25 is close to the floor of T moving forward. Heck ya' it could hit $20. It could even hit $15 I suppose. But I'm not in any hurry for profits. I can wait until my under $26 priced T shares turn profitable.
Now that doesn't mean I'm done playing SQQQ. I have enough cash stashed away to play it as well, when it's time. Today - I just like T.
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