ASteffie :

ASteffie :

ASteffie : hmm.
still wanna buy it

ASteffie :

10baggerbamm OP : I bought a little bit of the leverage ETF this morning.
I will be the first to tell you the chart looks pretty bad Robinhood obviously is a high beta stock and The leverage ETF is 2X times that high beta so it's very very volatile.
I think the market is going to be lousy today probably lousy tomorrow and I might be sitting at a 50 cent or one point deficit between now and then especially in the leveraged ETF.. however
I think once this news starts to be digested in the market from the analysts that are bullish I think it's going to be very well received.
Robin Hood is doing everything the big banks are not they are so far ahead of the curve they are so far ahead and offering products that the new generation are seeking they want to be able to trade equities they want to be able to trade ETFs they want to be able to buy crypto they want a debit card they want a credit card they want to deal with the company that understands the 20-year-old the successful 30-year-old not the 70-year-old corporate snob who deals with Bank of America.
I think Robin Hood has an amazing future the CEO is one of the best and brightest in the industry he's not a Jamie Diamond because he does not have the seat time, he doesn't have the experience but I think in time he will surpass Jamie Diamond when people talk about the evolution of the banking industry and how Vlad took on the 800 lb gorillas and won

10baggerbamm : ETFs that are leveraged they can trade at a discount they can trade it par or they can trade it a premium to the underlying stock.. so without me diving into this and plotting one against the other I would say have they paid any distribution recently some of these pay dividends that could be the reason for it if it was just done yesterday as an example or can just be lagging behind..
if you look at the ETF you should be able to see if it's trading at a discount or premium to net asset value based off of the volume in this ETF if there's a lot of selling it can trade it at discount to the common stock or could trade it a premium to the common stock and I've watched that on The leverage ETFs that I've owned you compare them to the common stock and they lag behind and then they snap right up the next day or after hours

modest Narwhal_1005 OP 10baggerbamm : so hood went up 6.38% yesterday and robn went up 17.22% yesterday. the amount missing is roughly the amount that was gained more yesterday.

10baggerbamm modest Narwhal_1005 OP : I didn't look at the range of yesterday's movement but yes that's correct you can have almost like a slingshot approach where one day at lags and the next day it plays catch up..
there's times if you plot a leveraged ETF against the common where the common stock moves several points and The leverage ETF does not move because there's a big seller in the way and a minute they get cleared out it immediately jumps up so if you can Time stuff to that level and you're sitting there box watching and charting a leverage ETF against the underlying stock you're going to find times that you can arbitrage it and make 50 cents $1.0 literally instantly and that's what you observed of why you had a difference between the two yesterday versus today one played catch up to the other

JREOPM : whatcha talkin bout Willis???!!

Ultratech OP JREOPM : for long term the regular stock is better. no expense ratio these are only good for short term