Replies to post #464 on Direxion S&P Biotech Bull 3X ETF (LABU)

[Mt. Blanc]

LABU can easily fall further. The obvious dilemma is high interest rates which will cripple many cos.

Bios don't respond well hence their recent selloff.

mb

[THREE-DAY-TRADER]

Added Today near new lows as a scale-in approach at 3.29 (October 5 it hit a new low of 3.26).
Started first buying near 3.66 on September 25 after my first post on Sept 22 after the market close to suggest start buying $LABU (and on Sep 22 it had traded 3.78-4.00).
I'm now very 'Bullish' short term... This is for a short term trade goal -- Applying a patient scale in approach in this higher than usual risky market environment.
~Best Wishes To Everyone~

$LABU Chart:
https://stockcharts.com/c-sc/sc?s=LABU&p=D&b=5&g=0&i=t7118487515c&r=1696548169362