DOW had a little tick up right at close. All they had left.
NASDAQ not so much..just meandered into close.
These moves are magnified because of the leverage and margin these people employ to capture returns. If you are levered 10:1 then today's loss is 10x bigger. As a general rule of thumb to say.
They also had a reverse-split a 8 years ago so that stock is really 'worth' 10x less or $5.226 a share.
from 2011
https://www.citigroup.com/citi/news/2011/110321a.htm
a member of OUR fantastic four!
whatever you like with it.
you may say Institutions or Big Boys
Baker
Institutions have much more leverage employed then retail.
Retail uses things like 3x inverse and long ETF's to magnify returns.
Much different thing when the big boys do it.
Here is what retail has access to.
ProShares Ultra Pro S&P 500 ETF (UPRO)
Issuer: ProShares
Assets under Management: $1.23 billion
YTD Performance: 72.56%
Expense Ratio: 0.97%
Dividend Yield: N/A
Price: $141.12
This ProShares ETF is similar to its sister fund (SSO), but UPRO aims for returns equivalent to 300% of the S&P 500 using swap contracts for leverage. Both funds are rebalanced daily, so multiplied returns may not exactly match the returns of the underlying index over the long term.
UPRO trades at approximately $141. In 2017, the Fund had a YTD return as of December 22 of 72.56%. Its three-year annualized total return is 27.63%.
Direxion Daily S&P 500 Bull 2x Shares (SPUU)
Issuer: Direxion
Assets under Management: $4.2 million
YTD Performance: 44.42%
Expense Ratio: 0.68%
Dividend Yield: 0.14%
Price: $49.82
SPUU is one of a series of leveraged ETFs offered by Direxion. The Direxion S&P 500 leveraged ETFs utilize swaps and futures contracts to achieve the targeted objective. This Fund seeks to replicate two times the performance of the S&P 500.
In 2017, SPUU had a YTD return of 44.42% as of December 22. Its three-year annualized total return is 19.55%.
Direxion Daily S&P 500 Bull 3x Shares ETF (SPXL)
Issuer: Direxion
Assets under Management: $841.8 million
YTD Performance: 72.08%
Expense Ratio: 1.06%
Dividend Yield: N/A
Price: $44.60
This ETF is another leveraged ETF from Direxion. It seeks to produce three times the return of the S&P 500 on a daily basis.
In 2017, SPXL had a YTD return of 72.08%. Its three-year annualized total return is 27.08%.
https://www.investopedia.com/articles/etfs/top-leveraged-sp-500-etfs/
these are a small sample Long, short etc. Many more available for all asset classes
dog is going to disown me if I don't take out now.
What a day!!!