10 is too low. should go back to 13-14 level in about a month.
before invest money into leveraged ETF, do your own dd. Otherwise, do not put money, even a penny into it. D not come to this board as while.
70% believe that it will be in $1,250 - $1,400 range most of the time this year and only 6% think that it may drop to below $1,000.
Survey was made last week.
Sentiment: Strong Buy
RUSL dropped from 57.5 to 12.00 and now $26.75, ready to break out double top of 26.50. Once it breaks out, it may go all the way back to 50.00. RUSS may go down 50% from here.
You are right, long term buy-and-hold, you will lose everything. But short term, if your timing is good, you can double your money in one month. This is not investment picks, you should have known it. If not, better not touch it. This is a trading vehicle.
But most of the brokerage firms does not allow short on 3xleveraged ETF. I have account in scotTrade, Ameritrade, sogoTrade, etc. None of them allow me to do so.
Start buying, 9.58 first buy. Never all-in.
Next buy 8.50; 7.50, etc. Or may be in 2 dollars apart: 8.50; 6.50; 4.50; you never know where is the bottom.
I am certain RUSS will be higher than 10.77 later no matter how low it may drop. but I still prefer to buy in steps: buy in one dollar apart: 10.50; 9.50; 8.50. I think that 8.50 should be the lowest it may go. I am using the money I earned from trading gold stocks to buy RUSS from tomorrow.
Russia stock market normally goes down in April. But this year may be different. I will wait for $9.00 before buying.