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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (109518)	8/9/2018 4:23:51 PM
From: John Pitera	Read Replies (1) \| Respond to of 220776

HI GZ, interesting coincidence..... I picked up some shares in the SOXS ETF which is the 3X bear Semiconductor etf...... not looking for anything especially cataclysmic... but I think we might see a 12 to 17% move up in that particular ETF. . direxioninvestments.com the one benefit of the bearish geared ETF's is that you do have a predetermined maximum loss..... as in the very worst case the ETF goes to Zero..... where as when shorting stocks... there is the potential for a 1901 Northern Pacific type of stock squeeze...... ... obviously these ETF's with leverage do not have perfect correlation with the underlying index that it is endeavoring to replicate..... but they seem to do a reasonable job generally speaking..... John