Short idea #12- a safe ETF in a downtrend
Hey all, I think this is a good ETF to keep an eye on. This thing will most surely drop based on its chart, and I see no fundamental reasons why lumber stocks should rise. I am waiting for SPY to reach $389 to short this name; I perceive this is a very safe short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.