Replies to post #356 on Direxion S&P Biotech Bull 3X ETF (LABU)

[Marketwise]

Terrible is the word for this thing. I am still looking for an initial entry under $4 (3.65 area) probably for a short term trade. Could eventually drop lower. The decay in these 3X ETFs is - for the vast majority of them - terrible; wealth destroying over the long term.