Discussion in 'Stocks' started by moonlightxpress, Aug 21, 2009.
just bought 5000 shares of tza at 14.13..
set stop loss at 13.2..lets see how this works out..
TZA is a nice one, im in for some shares of that as well however I have bigger positions with TYP, SMN, RFN.
Hope it works out for you. Frankly I think you'd be better going to a casino and putting it all on black.
I remember buying TNA around $14 in my IRA months ago, sold it around $15-$16, regret it everyday it moves higher, now the opposite is happening TZA is trading right around where I bought TNA and im thinking what kind of drop the markets would have to go through in order to see TZA back in the 30's.
I would like to know if TZA 3times means
3 times every thing. In other words you make .50cts in 10,000 shares, you made
5,000 or 15,000.?
What about your FAZ position? What ever happened to that?
I dont know what kind of indicators you see that i dont have, but i dont get the trade. Im in psa thursday mid day. Indicators on the smaller charts are turning up after a nice pullback....
I hope the Dow does not crush my position, but a summer pullback prior to fall would make me feel a little better.. just a thought
Sold today for a 2.5 dollar gain. Charts backed up on hourly 200.ma and 1/2 day 50ma signaled time to sell. Hope charts correct for a set-up 1st of the month. Most inportantly, hope we correct for fall.
Some of you guys have brass balls going in with such large postions. I prefer scaling in slowly. Picked up a few shares of SKF and DOG at around 11am. Right after that the market started to turn downward... pure luck.
No balls here, ask my wife .
I think there is additional upside if we can close above $71. then hard resistance at aprox 77. The indicators should allow for entry hopfully within a couple of days. I hope for an additional $5 but will be happy with 3-4 more.