zturk- SOXS
If you covered at $37, why not play it long at that point ? I mean the underlying index is near an all time high, while the trade war is a major threat, global slowdown a major threat to demand, and the average semi stock is 70% over valued based on PE. That is, the average PE for the sector is generally 12-14, but right now the average stock in the SOX has a 20 PE. Also the SOX index is up almost 50% since 12/25,18. Lastly the sector is highly cyclical, and when it falls, it crashes. Why not short a bloated pig sector that's doomed to have a major pullback at any time now ? I mean yes it can still go up, but for how long ? I think at $37 or less, the SOXS is well worth a shot.
