I agree..I ran across this one last night running screens on Finviz. For a small company, they have quite a global footprint, EPS and other metrics look good, and they're growing at a good clip. Analysts
have a BUY rating, yet the volume has been very light for several months. My only GUESS as to why it's so cheap now is perhaps not many know about it and/or is not on a lot of radar screens. It's definitely on mine now though...I don't see them going belly up with all the cash they've been pulling lately. I believe we should see the PPS firm up at this level, after all, how low can it go ? I believe we have a diamond in the rough here!
I'm a noob to these leveraged ETF's and ETN's. I've tried to get my head around the decay rate over "x" time frame and have read some posts attempting to explain it, but I didn't understand what the numbers meant.
Follow this simplified scenario: Let's say I buy 10K shares @ $2... and a month later I sell all @ $4.
What would be the approx net gain minus decay and taxes ? To expand that example, what would be the net be if it took 2 months to reach 4, etc. TIA