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Man..USLV down almost 50% in two days
bluelobster
Posts: 1,224 ✭✭✭
Won't be long before the reverse split...it always happens with these hyper leveraged ETF's just sooner than most with this one.
These leveraged ETFs will wreck a portfolio quicker than buying penny stocks. Of course they were never meant for buy and hold, but I'd bet probably 70% of the buyers hold them for long periods.
These leveraged ETFs will wreck a portfolio quicker than buying penny stocks. Of course they were never meant for buy and hold, but I'd bet probably 70% of the buyers hold them for long periods.
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"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
<< <i>That's why there is a DSLV.
If you had enough capital, to withstand occasional margin calls, shorting both long and short 3x ETFs at the same time would be almost a riskless trade over a 3-5 year period, imo
Doesn't even make any difference what the underlying index would be. the more different indexes, the better.