I'm warming up to them too...and I'm thinking short term and long tterm. Since I swing trade too, I can use them as a nice insurance
Well, I put in an ask price of 30 cents and it hit just before this downturn. Good enough. No overnighterz for me with this news.
Ya I stayed out completely as well after I dumped FAS. If I had had a day trade, I would have bought onto FAZ when it was clear it was falling, but I didn't want to risk an overight with it. I think FAS will open higher than today's close, but not going to gamble on it. I am going to wait for the market to reset.
FAZ hit a 2 day DT here today. I'm very neutral here now. I was of a mind earlier that it would just head up all day long, but FAZ hit that point and stalled. That's when I put in my sell order @ 30 cents. I'll be sitting on my hands for a while in the am, I suspect, while I wait for a good signal about some market direction.