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Direxion Daily S&P Biotech Bull 3X Shares (LABU)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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5.93+0.83 (+16.27%)
At close: 04:00PM EDT
6.05 +0.12 (+2.02%)
After hours: 07:59PM EDT
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  • C
    Futures bright green. This is headed back to teens.
  • H
    I bought 1k shares @$22.00.
    Any chance it will recover ?
  • L
    Leo C
    Several folks here talk about decay in LABU.. there is probably a big misconception here. Like other 3x ETF, there is very minor decay due to annual fee and derivative use for LABU, but it’s not like VXX or UVXY where the huge decay is caused by rolling over the futures contract. The correct term should probably be “convex” instead of “decay”. For example, if XBI goes up 2% per day for next 30 days from today’s price 64.91, it will be at 1.02^30*64.91=117.58, or a 81% gain. For LABU, it will be roughly at 1.06^30*5.10=29.29 from today’s price at 5.10, or a 474% gain, which is much higher than 3*81%, due to the power of compounding. The “decay” people talk about is also probably due to XBI going up and down a lot without direction, which is also just math. If in general the trend is going up or down, from that point on there is no “decay” in particular, but rather “convex”.
  • W
    Giving up part of the rally is part of the process. The rally has to be mistrusted by a significant portion of
    the participants. This is good. This allows for a multi-day rally rather than negates it.
  • S
    Biotech companies still have billions in pipelines... Ultimately bounce.. Glta
  • R
    Roger That
    From Barron's today:

    More than 120 biotechs are trading for less than the cash the companies hold, according to a report out Sunday from Jefferies analyst Michael Yee. That represents a quarter of the publicly traded small to mid-cap biotechs, Yee wrote, a greater proportion of the sector than was trading at or below cash during the financial crisis in 2090 and 2009.
  • D
    No loss here because I am not selling
  • F
    Could not wait. So many small cap Bio/ Pharma stocks so undervalue and oversold, that I have a hard time choosing which one to buy or add on.

    So I came here and decided and bought another 5K shares. Holding a total of 9K shares at a temporary bag holding price of $11.05.

    God willing my goal is to hold 15k shares of this, so I have one more block to add, maybe if it prints a new low or maybe when it shows that the uptrend is confirm. Whatever happens, I am here long term or 500% to 1000% gain, (between $50 and $85 per share) waiting to take full advantage of the next Bio/Pharma leg up, which will soon happen.

    All the best to all who are long and believe in a huge uptrend for this oversold and undervalue Bio/Pharma sector.

  • j
    Only thing is not going down is house prices. Let me buy 1 and see how fast it will fall :)
  • U
    It's maybe time to short LABD it do not be able to sustain the gains at $78.00. It will fall quickly to lower $20.00.
  • J
    Some people will become rich from this ticker over the next 24 months
  • C
    So I called single digits months ago. I saw LABU dropping considerably more than nasdaq, and believing a drop coming in tech, labu would drop even more. The $4 price has caught me by surprise and is a gross over reaction. Look for this to be in the teens in a few weeks, $20-$30 in the fall. If inflation levels out, Russia ends it war, and supply chain ripples smooth out, big ifs, but then biotech will start to be attractive.
  • s
    My funeral is canceled, can not afford it
  • B
    When the selling is over, this will be like a tightly wound spring being released.
  • e
    today was the bottom? :)
  • s
    I cried today, not sure what to do, can not sell, can not short here, holding for 10 years
  • M
    I am so tired of LABU doing nothing all day. Can you move??? I have been reading ( for a month now and the stocks there actually go!
  • I
    I have no shame jumping in at 5. This fund is the lowest it’s ever been and biotech isn’t going anywhere. Yes few companies may be in trouble but this is exactly why you pick a large basket of companies versus a single one. ETF’s for the win.
  • W
    Whoa stayed green, nice! I hope the SPX breaks 4010 impulsively. That may signal the start of the LABU upward trend.