You may recall we picked up a bunch of these inverse ETFs on May 3rd, my opinion has been "if you bought them at that date (May 3rd), I wouldn't try to trade around the position and just sit through any draw down."
Wednesday, June 1, 2011
FAZ
Last Friday's FAZ call is looking really good today.
You may recall we picked up a bunch of these inverse ETFs on May 3rd, my opinion has been "if you bought them at that date (May 3rd), I wouldn't try to trade around the position and just sit through any draw down."
FAZ is now up over 16%. My opinion remains the same for those who bought on May 3rd, which was a really nice set up. If you bought more recently, I personally may be inclined to take some profits and put a trailing stop behind the rest.
You may recall we picked up a bunch of these inverse ETFs on May 3rd, my opinion has been "if you bought them at that date (May 3rd), I wouldn't try to trade around the position and just sit through any draw down."
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