Ive been all in long the SPXS from 17.6 in my retirement accountd for a few days now, not sure we get a substantial pull back here or not but im pretty confident with the dollar rallying and dull summer markets, we aint hitting new highs for atleast a couple months. These last 5 days have been a major tipoff to the bulls five days in a row we tried to rally and it fizzled out, markets out of gas.
and the sell off continues.. dow broke 18,000...so glad I got rid of my TNA yesterday before the close...now tomorrows job reports should be another interesting story. I believe we have another 150+ point drop or rise coming tomorrow after that report.
Missed out big on that trade, never entered the trade but damn this stock has lifted off, had a 1 for 4 reverse split and now trading near $36 or pre split adjusted at $9 which is a HUGE 50% return, not cool I missed out, will wait for it to come back down under $20 before even considering a trade...
I don't think it will close on it's lows, it's been a long time like April since we have close on the lows of the day.
agree, because of that I dipped back in and bought TNA again at $88.75 moments ago, figure since I got lucky and sold it yesterday before this huge buying opportunity drop I would buy it again to hedge once again against my short positions. 4 for 4 since trading TNA...tends to trade around a $5-$8 dollar trading range, the last time I bought it traded down to the low 80s but held on and sold yesterday at $91.62, just bought again and will sell those shares above $90+ tomorrow once that awesome job report comes out...and if it doesn't rally I have a nice amount of TZA sitting in my portfolio... 6/3/2015 6/8/2015 TNA SOLD AT $91.6201 4/29/2015 5/4/2015 TNA BOUGHT AT $88.9199 4/28/2015 5/1/2015 TNA SOLD AT $90.9005 4/27/2015 4/30/2015 TNA BOUGHT AT $89.96 4/20/2015 4/23/2015 TNA SOLD AT $92.1401 4/17/2015 4/22/2015 TNA BOUGHT AT $89.8899 2/9/2015 2/12/2015 TNA SOLD AT $80.90 2/9/2015 2/12/2015 TNA BOUGHT AT $80.1899