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North American Energy Partners Inc. Message Board

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  • lancekoliver lancekoliver Nov 21, 2011 2:02 PM Flag

    TZA

    Wow, MJ, you and I are cautionary tales about these ETFs. At least I'm only down about 10% now on the FAZ I bought too soon and I'm now in the black on my TZA.

    I'm also still holding, for now. I won't be surprised if you end up positive. Call me the Grinch, but I still don't believe in the much-anticipated Santa Claus rally (unless maybe it's an elf-sized blip).

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    • Every day is a new trade as far as I'm concerned, and almost every day for the last 8 months the answer to the question should I be short or long, has been short. The answer on 10/4 and for a couple of weeks afterward was long, but unfortunately I had my nice profit on TZA wiped out by the flash up as I was trying to lock in the gain. I really didn't believe they could spike it straight up this much on essentially no news whatsoever, so I held waiting for the next leg down. Sometimes patience isn't a virtue. The answer has firmly changed back to short now, so I'm sure not going to sell until this plays out now that I've had to wait for it for a month and a half.

 
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