Without another reverse split of course. It's a great day to be short FAZ...
FAX back to $130 soon
Its mathmatically 9mpossible for you are your terrorist gang to get out alive.
Think about this...If it was mathematically possible to get here from where it was, it is mathematically possible to get back to where it came from.
No not exactly. Think of it this way, if it goes down 50% it must go back up 100% to get back to even. So the index it tracks goes up 20%, that index must come down 40% just for FAZ to get back to where it was. For this reason as soon as the market cracks I will short FAS and close faz. I am in FAZ at 20.33 so no worries yet.
You're showing a remarkable lack of mathematical training. I'm not saying it will or won't but it is quite possible.
His reasoning is absolutely sound. Since FAZ cannot trade at even $21.00, it certainly wont be able to reach $30.00.