But i am not the one who said zsl could get to 400 either.
Only someone who is new and doesnt know stocks and splits would saying something like that.
u need to check out FAZ board, u remind me about a guy there who has been saying FAZ to 100-1500, for the past 3 years.
u r a rookie when u think zsl will get to 400.
with all of the reverse splits there is no way to get there.
its people like u that make the rookies lose money, because they come here for advbise sometimes
i am short zsl
A lot of people clearly don't understand how these leveraged ETFs work. The volatility, especially when it's as extreme as it has been lately, really works against anyone looking to hold long-term. Believe me, I learned this the really hard way a few years ago. These aren't meant to be held very long.
Look at a 3 year chart of FAZ and FAS to see how both of them have disintegrated in value, which is why they've been reverse split a few times, particularly FAZ (the short one) that has gone from a high of over $7,000 to current value of $41. FAS is only down from a high of $97 to current value of around $29
This is also why it's safer to short the opposite of the one you want to go long.
If you look at historic pricing you will realize that I am being conservative with a $100.00 price tag....Back in July 2009 ZSL was trading at $412.00!!! While SLV was at $13.50...Now ZSL trades at $21.80 and SLV is $34.00...If we have a modest correction on silver pricing, which is long overdue, ZSL will shoot to $100.00 rather quickly and could rocket even higher then that....