GordonGekko666
$SOXS $SOXX
This is why I short SOXS... Even when semiconductors return to the same value I gain.
"The Friction Toll Since Late April: Even though SOXX is $1.76 lower today ($453.65) than it was on April 27 ($455.41)—which in a frictionless -3\times world would put SOXS slightly higher at $141.93—SOXS actually sits at $58.09. That is a 58.6% loss of value ($82.21 per share erased) purely from 6 months of round-trip volatility."
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