Sep. 17 at 12:15 AM
$CHPY
For the new ones here, this ETF follows the SOXX. When the SOXX goes up, CHPY mirrors, when SOXX goes down, then crash. If you want to complain about CHPY make sure you’ve checked SOXX. I bet you will get your answer to “why is this down.”
CHPY was in the low 50s for 6 months. It didn’t budge, like, at all. I would argue that’s where this is heading again, seems to be its natural home.
If you bought back when semis went ballistic in the 70s or higher then this ETF will stress you the f out. Now that even the AI builders want to slow down the AI build-out I have no amount of credible understanding how there will ever be another run-up of pricing. I’m open up to any contrary opinions, but I can’t find a way. A higher cost basis than today’s current pricing is going to make you cry and post bad memes.
Just my thoughts. I’m a novice, so tell me your ideas.
This isn’t investing advice or anything remotely beneficial for you too.
