Defiance Daily Target 2X Long AVGO ETF(AVGX) Stock Price

11.100
-1.250-10.12%

Close Apr 4 16:00 ET

12.100High9.960Low

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10baggerbamm

Mar 14 20:49

$Defiance Daily Target 2X Long AVGO ETF (AVGX.US)$ when you look at stocks today pre-market you need to pay attention to how much they're increasing pre-market relative to the sell-off the day before.
what the pattern has shown is let's suppose you drop a dollar the day before the stocks rally pre-market $0.10 -.20 a fraction of what they lost in the prior day.. means the trend is still down it's like the old saying one step forward two steps backwards.
what you're seeing in broadcom and whethe...

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10baggerbamm

Mar 12 21:06

$Defiance Daily Target 2X Long AVGO ETF (AVGX.US)$ Broadcom is a must own
it is weak because it is a high beta stock it is weak because they are a chip stock and as a result is sold in baskets of portfolios.
however it's very important that you go back and listen to the conference call particularly the question and answer segment
they have three new massive clients and the difference between Nvidia to broadcom is..
everybody knows who the hyperscalers are we all know what their capex is that'...

Too Tall : What % of your portfolio would you allocate to this? I understand to start nibbling today. Thanks!

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10baggerbamm OP Too Tall : leverage ETFs are great when the market rallies but I said it before the pain that you will feel on the way down is brutal you cannot put a stop loss at 5% on a leveraged ETF because they move 5% a day so you're going to buy it he could be down 5% in minutes on a cell program and you're just constantly going to be incurring losses after losses so you need the number one be able to stomach a 30% down slide in a leveraged ETF because that is the reality of the market that we are in but understand this can be back to $30 very easily.
I don't know how much money you have I don't know how long you can put it away for I don't know your risk tolerances I don't know how much debt you're carrying I don't know what your throw up in pain threshold is..
but I would buy broadcom over Nvidia 100% I would sell Nvidia I would buy broadcom there's nothing that Jensen's going to say next week a GTC that's going to move the stock 10%, those days are history it used to be 2 years ago 3 years ago everybody's waited on bated breath and he pulls out one line and the stock goes vertical now everybody knows what's coming from Nvidia we don't want to hear about flops we don't want to hear about Blackwell because everything has been said that can be said..
if you have $100,000 account $10,000 should be in broadcom if you can take more risk you can ramp it up to 30%
understand this was just 15 bucks or so a few days ago it could retest that that's what you also need to understand that's why you have to buy on down days you've got to be able to say all right the market's shitting the bed I'm going to nibble I'm going to dollar cost in and there's a lot of people on these forums that are very disciplined and very smart because they're big picture thinkers they understand that the day-to-day movements are not the reason for panicking that 6 months a year down the road they will be rewarded for taking the pain right now
so I bought the other day you can see when I posted it I bought earlier than that I bought a little bit from when I posted I went down a buck and a half now it's up a buck and a half whatever it is these are nothing movements for the stock this is what you're going to have to deal with in the short term..
once the tariffs are put aside which will be past April because we have a massive tax season coming up there's a leg down I think coming people are going to have to sell stocks to pay taxes because the first couple of months of this year have sucked once the tariff issues are resolved and tax season is over and we get peace between Ukraine and Russia we're starting to get tailwinds as long as the market doesn't crash and I mean 2000 points to the NASDAQ that's the other problem so that's why I'm saying you got to take a position we are at an inflection point we're good news could start but we're probably going to have a lot more tariff concerns which are down days in the market but I think the back half of this year June and beyond we could put on a nice rally a really really strong rally as long as the NASDAQ doesn't crash if the NASDAQ
so that's why I'm wishy-washy I can't say absolutely positively because recessions can be manufactured by crashing a stock market
it's a long answer to your question bottom line you need to have a little position in broadcom if you can take more risk do so buy with common sense don't buy with greed

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Too Tall : Yes, don’t be greedy. Is what I have written on a sticky note posted on the front of my trading journal. Thanks for the reply and advice/insight.

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10baggerbamm OP Too Tall : I say to do this print it out put it on your mirror in your bathroom put it on your fridge put it on your tablet because it's so easy to get caught up in what you think is a breakout rally and you buy on greed not common sense..

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modest Narwhal_1005 10baggerbamm OP : I like reading all these comments and I'm looking forward to a nice long term hold summer rally with ptir, robn and Avgx

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10baggerbamm

Mar 7 22:51

$Defiance Daily Target 2X Long AVGO ETF (AVGX.US)$ this ETF was up almost $5 post-market yesterday it's only up a buck and a half right now
if you are willing to take a risk because this is a leveraged ETF this is the only chip stock to buy unless you want to buy a basket of stocks in a ETF or a tech mutual fund
I think you can buy half of your position here so whatever you're working with and this is a very aggressive purchase because I am putting my toe in the water in everything to buy right...