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Semiconductor shorts pile on as winning trade reverses
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- Investors' favorite trade is suddenly the one they can't stop betting against, even as it keeps going lower.
- Chip stocks in the Van Eck Semiconductor ETF (SMH) are down on Tuesday.
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Investors' favorite trade is suddenly the one they can't stop betting against, even as it keeps going lower.
Chip stocks in the Van Eck Semiconductor ETF (SMH) are down on Tuesday. The ETF is now off more than 10% from the record high reached last week, and options traders are betting it will get worse.
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