NAIL - Homebuilders Leveraged ETF dropped 50% in 3 days.

NAIL has been having a pretty good run this year up until the last 3 days where it sold off close to 50%. Had a good recover day yesterday back up 10% so will be interesting to see if it continues to claw back some of that drop.

Comment:

Kept heading the wrong way so no trade taken. Whole housing market taking a beating.