Thanks, Haluk. I got lucky with the timing of my FAZ sale (60% at the close Monday, 40% Tuesday morning). I've learned the hard way to take profits when I have them in those leveraged ETFs or they may evaporate quickly. But I know you're a veteran of those wars too.
I did make a small trade in and out of AMR but barely made lunch money on the deal. I should stay away from those kind of trades, probably. Not my thing.
I agree the AMR thing was over done, but I'm sticking with TZA still. On a better tape I'd agree with buying AMR here, but not so sure it won't get dragged down further with the rest of the market. I'm thinking we see IWM print a $53 before it is over. Also, think we see WTI bottom around $71 this time. I doubt I will be a buyer of any bounce though. Will look to short it again instead.
Also, agree you are way early selling EUO (and FAZ).