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Direxion Daily Small Cap Bear 3X ETF Message Board

  • tee_chn tee_chn May 7, 2013 5:03 PM Flag

    Why is everyone considering exiting TZA?

    this stock has room to move down maybe another $8 dollars after that were going to be seeing $120 by the end of this year! or am I missing something?

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    • "...were going to be seeing $120 by the end of this year! or am I missing something?"

      You are missing the point that perhaps the market won't go down much this year and TZA will stay down. I have yet to find anyone who can accurately predict the future and I'm sure that if there were someone who could, they would not be wasting their time posting on message boards.

      • 1 Reply to hophop6
      • Fair point, However considering market is closed for me and I have absolutely nothing better to do except research and get opinion of others, Id say this is okay. now moving forward considering our current state of the market I agree, with the housing and lending starting to come back into play im fairly certain the market wont go as lower. Now that does not mean its not going to do a major pull back you have to understand the reason the market is so extended is because of the HFT (High Frequency trading) Liquidity in a bear market that slows down quite a bit for obvious reasons. Im not saying I predict the future, but history does tend to repeat itself.

    • yeah... you're missing something.... tza will see 8 dollars and will not see anything much higher than it is now.

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