This is LEVERAGED. I am just drawing what I see. I would never buy leveraged anything on an up day Many do not like to trade using leverage It can go up or down considerably in one day. Very dangerous especially if you hold on to it. This is up today but could be down 5 dollars or more tomorrow if SPY has a bad day. I own a little bit so it does not make or break me. Definitely not a recommendation and trading with leverage is not for the faint of heart!
It has interesting YTD returns for someone who bought and hold. 10 yr average, too.
lauralea
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@stovall73, I do hold it...Just that I know u r not supposed to..lol Overbought right now so may have to make a decision soon. I am glad I saw your comment. Ill probably sell half or see how far it pulls back. NAIL only pulled back a few bucks and was totally out of overbought zone. I also have TAWK..I see it is overbought as well. I like leveraged stuff and dividends are not bad at all! .I also know leverage can be dangerous, but life is dangerous (o:
stovall73
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@lauralea, pretty big run up last couple of weeks and 9/2 saw a big jump. I trimmed by half yesterday right before the close. I'm anticipating a pullback and will jump back in once the dust settles or after the late morning slump today if i got it wrong. I didn't want to deal with a huge gap down at the open.
lauralea
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@stovall73, it is at 59.05 right now. I think it may go down a bit more though
swusr
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Are you expecting a pullback?
lauralea
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@swusr, I just saw this..sorry. Looking at it today, yes. It is overbought.
lauralea
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@swusr, Spy is in a rising wedge..and it is pulling back big time. I will buy more