Replies to post #470 on Direxion S&P Biotech Bull 3X ETF (LABU)

[joyceschoice]

LABU will reverse split. I'm very surprised it hasn't already. DPST reverse split much more quickly earlier this year after the SIVB shut down. I'm guessing something similar here will happen soon.

https://www.direxion.com/press-release/direxion-announces-reverse-split-of-dpst-and-evav

[THREE-DAY-TRADER]

Have an Avg of 2.97 on this after scaling in a 3rd time @ 2.52 a couple days ago (& prior buys @ 3.29 & 3.66).
I bought the most # of shares successively at 2.52 & 3.29 fortunately as it dropped because the same amount of $$ buys more shares at lower prices when divided up for a planned scale-in.
Now I'll wait with continued discipline to see if this can rally upward more in the short term. I'll admit now this is definitely not one of my best timed entries compared to usual history for me, but that's how it goes sometimes with trading & the result is not yet concluded.

https://stockcharts.com/c-sc/sc?s=LABU&p=D&yr=0&mn=5&dy=15&i=p73242779150&r=1693184195250

Thursday, October 05, 2023:
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