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."
5 years ago
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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