Please can anyone tell me if this was a good idea?? my advisor instructed i do this? Was this a good idea...it looks to be going down since last year? will it go back to atleast 400? i put my kids college fund into faz...intelligent answers only please!!!!
Do you think FAZ will go up? Maybe you should go back to college? Maybe have those other two fingers sewn back on? Or maybe you could be Johnny One finger. Or johnny no fingers. you could be an Umpire in baseball and call everyone out. Just use your thumb-Yeah-thats the ticket-Call everyone out! Johnny-no fingers!
I went though this WHOLE thread after reading how much you invested thus far.
I buy mainly gold and silver stocks, doing well there.
But I do subscribe to someone who I think is top notch. He is a major FAZ believer.
He would tell you that this stock is SO Risky. He would say if you bought the SHARES/Stocks than you must put stops to cover losses. He would also tell you to buy the call options instead, either Oct. 2010 or Jan2011. So if I were you, as if you did truly buy back when you posted, you will see that you are down. I would sell 10K of it (towards $14) and buy the January 2011 call option at the $50.00 strike price. Then when we see Faz rising, back over what you paid for. Take another 15k and buy the $17.00 strike option.
Then maybe keep $50k worth of shares.
I sell of the rest, because I am going to assume that you are not worth a ton more then the $130k and so I would keep some cash, and I would buy the rest in gold and silver shares and some silver bullion.
email@example.com if you want to talk a little more
Don't shoot you in the foot if you listen to this worst adviser LOL
How could you invest your money on decay ETF fund? ... none of them are worth for your investment, short them if you could, but I bet ya they will not have share for your to short especially FAS as they know it about to pop!