Discussion in 'ETFs' started by TheCaymanIsland, Nov 26, 2008.
anyone loading up on Inverse ETFs here?
YES YES YES YES YES.
YOU BUY INVERSE ETFS ON DAYS LIKE TODAY AND SELL THEM WHEN THE MARKET is down 300 points.
Im loading up with every inverse ETF I can buy...
I have been buying
Friday if the market races higher again I buy more.
BGZ, that's all you need my friend. 3X the inverse
So when you are on the wrong side, you lose 3X as much!
and the right side you make 3x as much
- - - And yet you have been claiming that you have been buying these ETF's since last Thursday and Friday . . . and getting absolutely KILLED.
For example, last Friday the DXD traded $100. Today it traded as low as $72.68
FXP was trading over $96 last Friday and traded as low as $49.00 today.
DUG was trading over $50 last Thursday and closed today at 29.50
Hard to believe that anyone would purchase these vehicles ( without any stop-losses ) and hold onto them even though they just collapsed 30 - 45% in just a few days . . .
Please post a SCREENSHOT to confirm your positions.
Maybe he's only trading 10 shares @ a time?? hahaha
Hoping to start using the 3x soon. How is the volume?
~telengard (going to check out the avg volume)
Averaging down again? Oh boy...
Not today, waiting for the s&p to push higher above 950+.....
Yesterday I added into FAZ avg is approx $54.50 and DUG which my average is now $34.65.
This is just another bear market rally that pushed the DOW up 1000+ points in a week....there was no volume and in my opinion little participation within the financials....
Separate names with a comma.