Semiconductors: Now this is as silly as it gets

Corona Del Mar, CA

Howdy Friend,

There's something absurd going on in semiconductors...and no, it's not really the price, even though they've gone up a bunch:

It's not even about the premium of SMH hitting a 2.5-year high, which isn't really that big of a deal:

It's not about the Josh 100 Semiconductor strategy that's up 159% YTD, although that's some serious icing on the cake.

I'm NOT even talking about all the ding dongs that keep shorting the stocks with the highest Relative Strength and then claim the markets are "rigged" when they get their heads handed to 'em (although that's pretty dumb).

No, I'm talking talking about something silly that came up in my research...I'm talking about GraniteShares single stock leveraged ETFs. I can't figure out why they exist!

For example, you can use them to trade stocks like NVDA, AAPL, COIN, and BABA with a bit of leverage. Why not just trade SOXL/SOXS 3x leveraged ETFs? That way you can trade the whole sector with a smaller amount of money. Maybe I'm wrong because there's an inverse NVDA ETF (NVDS) ran by AXS that trades millions of shares per day.

If I end up starting a hedge fund, I'll trade anything as long as 1) It's liquid 2) there's enough data 3) it's predictable using machine learning. Several members ended up starting their own "Personal Hedge Fund" this year. Danny Bell was up a cool 18.15% last month. Here's his brokerage statement:

Peter S. was up 14.22%.

100 percent club - May 2023 Peter Sarris (1)

I'll have to ask them if they were in semiconductors while all the "valuation" guys were shorting NVDA and getting crushed.

By the way, if you're curious about what we're doing, start here on the new homepage:

https://portfolioboss.com/

We've also trained "The Boss" to answer any questions (it's in the lower right corner of the screen). Be warned that he's been a bit melancholy lately. Or better yet, talk to an actual person.

Click here to get started >>

Trade smart,

Dan "Prince of Proof" Murphy

Disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.

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Corona Del Mar, CA

It's not even about the premium of SMH hitting a 2.5-year high, which isn't really that big of a deal:

It's not about the Josh 100 Semiconductor strategy that's up 159% YTD, although that's some serious icing on the cake.

I'll have to ask them if they were in semiconductors while all the "valuation" guys were shorting NVDA and getting crushed.

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