Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 693.77

-0.2%

Jan 13 4:00 PM EST

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To: cycleupcycledown who wrote (163786)	11/21/2021 6:39:09 AM
From: GROUND ZERO™	Read Replies (1) of 221715

One would think 4 bucks is cheap enough for SOXS, I mean, how much lower can it go??? Obviously, it could go to zero... they could reverse split and begin again at a higher level, but the direction is always lower... Too bad I can't short them, I would be short all the time... The only problem I have with all those short 3X ETF instruments is they go down all the time, even when the $SOX itself is moving lower I see the SOXS also move lower although by not as much... I honestly don't see how any money can be made with it... I guess the only way one could really benefit buying them is if there were a huge major market crash, and then we could see it spike, but otherwise it just seems like a waste of time and money... Why not short the SOXX instead if you were bearish at some point, at least you would have a real chance of making some money... Just curious... I think we already had this conversation some time ago, but I'm just curious... GZ

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