Posted by billrosen on 9th of Oct 2009 at 01:08 pm
wishful thinking, take FAZ down 98% from its high...say you had
100k in it, now you have 2k left, if the market tanks and drops 50%
from here, which is certainly not a sure bet, FAZ would rally
something like 150%
in theory,
although with deterioaration it would notrally that strongly taking
it from 20 to 50, a far cry from the peak of $2018 in Nov 2008.
There is no way in hell FAZ gets back even 10% IMO. Only trade the
3x ETFs do not hold them for any LT purpose.
Need a shoulder to lean on
Posted by tomakeit on 9th of Oct 2009 at 12:45 pm
Guys,
The way FAZ and SRS have performed, do you think it will EVER go back atleast 50% of its high. Am I being wishful thinking?
wishful thinking, take FAZ down
Posted by billrosen on 9th of Oct 2009 at 01:08 pm
wishful thinking, take FAZ down 98% from its high...say you had 100k in it, now you have 2k left, if the market tanks and drops 50% from here, which is certainly not a sure bet, FAZ would rally something like 150% in theory, although with deterioaration it would notrally that strongly taking it from 20 to 50, a far cry from the peak of $2018 in Nov 2008. There is no way in hell FAZ gets back even 10% IMO. Only trade the 3x ETFs do not hold them for any LT purpose.
I don't know, but I
Posted by foolwise on 9th of Oct 2009 at 12:59 pm
I don't know, but I have SRE as a long term hold in an IRA account. It may take a while - thinking by next summer it will pop.