Discussion in 'Stocks' started by spreadem, Dec 21, 2009.
I'm taking a position in TZA ... extremely oversold anybody else?
The lower it goes, the more "bullish" it gets.
I prefer to see the corpse twitch once or twice before I re-issue his social security number. TZA is kind of a limbo contest isn't it:
New all-time lows and no visible support of any kind that I can see.
If I had the burning itch to go long, I'd probably be buying some puts along with it just in case.
It's a more likely candidate for a short on a rally in my opinion.
If there is absolute support then it's time to go all into TYH, guess that's good for another $150+ to the upside. When a trade becomes to easy it's time to take notice of what's coming.
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