AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
271 13 10
BioTech had started the big rally finally. Record volume today.
22,46% in one day. It's not bad and it's only the beginning.
The rally should last 1-1.5 months...
Don't touch the portfolio just let it work for at least 1 month.

WATCH THE POTENTIAL.
We might be talking about 500% this year.... (200$)

Rebounds

Genghis
LABU Long
Genghis about LABU 2 7 months ago
tcp007
8 months ago
Are you watching the after hours drop? Why does that happen? Freaks me out...
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CyBriz
8 months ago
How about DUST? The chart looks similar like LABU also with high volume.
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chartwatchers PRO CyBriz
8 months ago
The problem is that when you are buying DUST is the same when you are shorting the gold miners.
And gold miners are very strong now...
I think sooner or later gold will move down into its daily cycle low (1180-1150$) and then DUST can have a pop up.
If sometrhing happens and gold starts to run again without coming down to 1150-1180$ then DUST will break down.
I say that this week and next and maybe the week after next is the chance for DUST to pop. But by the 22nd of April you must get out of it the latest...
LABU is a different story. It's the new big story like internet and computers 10 and 20 years ago.
It is starting the bull market now.
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CyBriz chartwatchers
8 months ago
nice~ :)
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chartwatchers PRO CyBriz
8 months ago
And don't forget it's a 3x ETF. Same like NUGT just the opposite direction.
So when GDX is making +1%, NUGT is making +3%.
And DUST -3%.
But sometimes this number is : 5% GDX, 15%NUGT, -15% DUST...
:) So timing is important. This is the 2-3 weeks when we can steal some money from the gold bull if we short it.
But thats it... And we might just lose money. :)
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CyBriz chartwatchers
8 months ago
thanks for your insight. :)
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CyBriz CyBriz
8 months ago
by the way, are you thinking of buying any biotech stocks?
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chartwatchers PRO CyBriz
8 months ago
Not yet. You simply dont know which will be successfull...
A lot of them will go bankrupt. But the good ones will be like APPLE.
Thats why is good to buy LABU or IBB. You long the sector , no individual stock risk.
But you can pick 1 or 2. Maybe you will be lucky and make 1000% on one stock.
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CyBriz chartwatchers
8 months ago
Great !! ^^
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DagonLemaire
7 months ago
a really broad question but how do you analyze your stocks?
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chartwatchers PRO DagonLemaire
7 months ago
do you mean LABU or Oil stocks?
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DagonLemaire chartwatchers
7 months ago
anything, anything you trade. how do you approach the trade? or do you approach each trade differently?
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dimitriosb602
7 months ago
I like this trade as well.. entered today. biotech is due for a rally!!!!
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