Since the deal signing is set

Since the deal signing is set for Friday, I think sometime this week, these levels may be hit:

■ $iShares Semiconductor ETF(SOXX)$ goes up about 10% to around $660

■ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ goes up about 30% to around $310

■ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ drops about 30% to around $3.25

In fact, $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ has a chance to reach $2 before the next 1-for-10 split on July 14, in which case, it would go from $2 to $20.

$Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ and $Micron Technology(MU)$ will likely be among the hot stocks leading the chip rally this week.

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