I've been sitting on some mutual fund and ibb and xbi etf's. I still think there's room for growth at the current price. Anyone doing leveraged plays? Recommendations?
I don't recommend any leveraged ETF as a long-term investment. The leverage does not come free and they are only designed to be leveraged on a daily basis. If you want more exposure, just buy more.
VRX - bottomless pit of agony that might be a 2-3x bagger or headed to bankruptcy GILD - solid pharma with 10%+ potential to the upside
I agree. Leveraged ETFs for the individual investor spell disaster in the long term based on they are structured. If they go against you, it takes more of a %-gain to make them go back up how much they went down.
My aggressive portfolio: Alliqua BioMedical Inc (ALQA.US) Aurinia Pharmaceuticals Inc (AUPH.US) Navidea Biopharmaceuticals Inc (NAVB.US) Karyopharm Therapeutics Inc (KPTI.US) I'm going to buy these stocks after correction. Portfolio chart:
%% You illustrated my thoughts Obo,; is that a $40 to $ 63/+ daily gap?????? Anyway it cut$ both way- that is a wild sector from way back. LABU was good short[downtrend] from >>$200 down to to $20, dont know if its split adjusted ; hope this helped, it helped me.....................................................................
Yes true for any security, but for leveraged ETF's, especially 3x leveraged ones you are going to run into some MAJOR trouble
Same for any other security with the same volatility, for instance low-cap biotechs or junior gold miners. There's nothing magical about levered ETFs.