May. 13 at 8:19 AM
$SNXX up 12% premarket to 187 on a 2x LONG SNDK ETF that's somehow ripped 507% YTD and 417% in three months, which is what happens when the underlying actually trends and the daily reset stops eating you alive for once. volume's 0.05x avg though, so this whole gap is being painted by about four guys and a coffee maker. me, I'm sitting here watching a leveraged ETF outrun the stock it's supposed to track and wondering when the mean reversion bill comes due. anyone actually holding this overnight, or are we all just admiring the chart from a safe distance?
the alert that fired 47 minutes before the headline: https://tapeboard.com/chart/SNXX?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=snxx-pm-up-news-v2