I know FAZ is tied to Russel but I do use Dow as a proxy. When you look at Dow 6 month chart a perfect head and shoulder formation has formed. Based on this technical I would expect a deep plunge starting NOw to perhaps days, perhaps weeks. we should head into close today with a good day at least. Be encouraged FAZ owners--you are on right side of trade.
I think yahoo finance jumped gun on split and had August 26 price of $14.80 converted to $52. My back of envelope is if FAZ is $20 on October 1st it will be listed at almost $100 at time of split. So let's all hope it gets there.
are you like 12 years old? Reverse split will put FAZ around $50. Let's do the math. 10% gain on $50 is $5. 10% gain on $13 is $1.3. Reverse split is a big benefit for stock price. Apply rule of 72 meaning divide % into 72 to determine how many days to double. Given unprecedented historic events in Sept/Oct I expect Russel 1000 to lose 3+% a day so Faz will gain 9-10% a day and based on rule of 72 it will double every 7 days. Starting at a reverse split price of $50 That means in 35 days FAZ will be $1600/share in 56 days or two months $12800. you better get on right side of trade or be run over after split