TZA is a buy now for a 15% profit in less than a month

Discussion in 'ETFs' started by hajimow, Sep 10, 2012.

  1. hajimow


    I am following IWM which is Russel 2000 index and TZA which 3X bear IWM. I see IWM overbought at 84.25 and to take advantage of this pullback I recommend buying TZA at 14.74 range. A reasonable TZA short term target is $17
  2. jb514


    You know all the indexes are almost the same right?

  3. ....and?.....
  4. hajimow


    Not really but you have a valid point. IWM is more volaitile than SPY.