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Those gaps will never fill. This ETF is not a stock it's a futures index fund and it decays rapidly. Map it back ten years adjusted for splits it traded at $3m and is a 99.9999% loss at this price.
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Big_Mike716 DaddySawbucks
@DaddySawbucks, but the bottom node is $4.30 and their is nothing below so if the bottoms in at $4.30 and SP500 pulls back to 3400 those gaps will fill
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DaddySawbucks Big_Mike716
@Big_Mike716, Dude there is no bottom for an inverse ETF, LOL they decay to nothing, it is not a stock!
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Big_Mike716 DaddySawbucks
@DaddySawbucks, I did end up closing off looking for another trade. Your making me think...
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DaddySawbucks Big_Mike716
@Big_Mike716, These are always disappointing. Only time they pay is during a tank-off. Were amazing in March and again in Sep.
Rest of the year they result in big losses. In an uptrend they just kill you, can't hold these things. UVXY is the worst for decay, buying puts on it after a tank-off is always a winning strat; SPXS is almost always a loser, and from april - aug SQQQ, UVXY produced -90% 'gains', lol, after SQQQ collapsed to <$4, it reverse split 5:1. When it decays back to $4 in a few months it will split again, holding it for six months would result in nearly 99% loss! If you buy these ETFs you're trading futures!

Best post ever from hungry_hippo, note the price at inception, $3m is not a typo:
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