• realitista@lemmus.orgEnglish
      23 days

      Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.

      • eldavi@lemmy.mlEnglish
        22 days

        Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.

        comments like this inspire me to become financially literate so that i could understand what was said.

        • realitista@lemmus.orgEnglish
          22 days

          It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.

          • eldavi@lemmy.mlEnglish
            22 days

            thanks and i’m confused by whatever “SOXS” is/means.

            • realitista@lemmus.orgEnglish
              22 days

              This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.

              • eldavi@lemmy.mlEnglish
                21 days

                i wasn’t planning on doing anything besides learning.

                • realitista@lemmus.orgEnglish
                  21 days

                  SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.