RE:Does anyone actually buy to hold this thing?Interesting.......another advanced member. LoL
Oh well........here goes.
It is well documented that holding this ETF is not...and has not been a wise decision.
(albeit....a reversal in share price direction is a distinct possibility under certain circumstances)
However....past trading history shows that this has been a decaying investment over time.
Here is an excerpt from a previous post of mine:
I trade this....... because it has consistantly returned profits for me even though it decays over time.
I couldn't give a damn about the upcoming RS......... it won't change the way I trade in the slightest.
I see the 3 : 1 RS as a re-birth which enables HVU to decay again. However......as it decays....there will always be a trade that I can capitalize on.
May I ask you how u got your "Advanced Member" status ? Thanks.