06-06-2021, 12:27 PM
Short of a market correction I don't think the major holdings dip much over 10%, but that's a fairly hard hit at triple leverage. You bought NAIL low and rode it up and that's great. Showing up late to cyclicals and commodities is dangerous. I've been bitten for sure and that is why my advice will always lean cautious. I'd just watch the housing starts and mortgage rates. Even a 10% move in a quarter and these stocks fly or die in a hurry. If the market gets hit this summer NAIL is probably a great buy for a year.