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Direxion Daily Small Cap Bear 3X ETF Message Board

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  • nautibm nautibm Nov 12, 2008 5:29 PM Flag

    Next week could be very interesting!

    Danny, you obviously nailed it last week on your prediction for this week with TZA. I've gotten burned this year on QLD, even after I stopped holding and started trading it. Obviously the bear funds were the way to go this year, (what an understatement). Were you just rolling down your window and looking at the world when you made your prediction for this week, and do you have a more analytical edge. I'm hurting and need a quick turnaround, but can't see to buy these ETF at the right time. Can you help a misguided bull?

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    • From what I have seen, the charts have told the whole story. We are in an 8000-1000 range on the DOW. At 9600 last week, you could have bought TZA for a double when the DOW hit 8000 today.

      Flip to BGU at 8,000 today, you make 30% by 4PM. Obviously you cant hit everything dead on, but you get the idea.

      IF the DOW gets back to the 9500 range, buy some TZA for a hedge.

      • 1 Reply to damons2000
      • Damon, nice post, i agree with everything you spelled out. I sold my TZA today at 106, i bought it at 74. When are you looking to get back into TZA? This market is crazy, i have done everything right since October, buying FNM at .85 and letting it go at 1.8. I bought some uyg at 8.7 sold that at 10.60. Except one stock screwed me it was JASO (china solar stock). anyways keep your idea comming i like them, im thinking of jumping back into TZA tomarrow at 3:59.

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