iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,339 Blog Posts

Fly Buy: $SOXS

As tempting as it is to buy TVIX, that product is fuckery. I like short semis here because of its tight correlation to the market. The trade is simple.

Hold until it breaks lower — or cover if the SMH breaks $105 to the upside. Since we’re up against resistance now, might as well take a trade that will mint coin if we reverse.

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One comment

  1. jbandy

    I like this idea. We are heading into earnings pre-announcement season. Bound to be some earnings warnings from this group–a few from the big names (TSM, NVDA, TXN, LRCX, AMAT, etc.) and we could see some carnage in this sector.

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