Was wondering if anyone thinks FAZ might be a good investment against te financial sector during this time. It's basically a fund which is 3X hedged against financials ?
Thanks
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Was wondering if anyone thinks FAZ might be a good investment against te financial sector during this time. It's basically a fund which is 3X hedged against financials ?
Short answer for me is no. Financial situation will pick up as Fed begins to raise interest rates is the common theory. Like they say---anytime you see 3X it is very risky. Of course, if you feel you are on the right side it is nice. Of course the daily plays can be something to simply fiddle around with.
Short answer for me is no. Financial situation will pick up as Fed begins to raise interest rates is the common theory. Like they say---anytime you see 3X it is very risky. Of course, if you feel you are on the right side it is nice. Of course the daily plays can be something to simply fiddle around with.
My short answer is YES!! Look what happened in October during the small sell off we had.. As of now , you need to look for a break above 12 ish.. I will let you know when a great time to buy would be.. This one is easy . I will keep you posted..
My short answer is YES!! Look what happened in October during the small sell off we had.. As of now , you need to look for a break above 12 ish.. I will let you know when a great time to buy would be.. This one is easy . I will keep you posted..
Maybe; maybe not. I got the feeling he was looking at a decent long term play and not a day trading situation. This to me would have to be an almost exact timing thing. No?
To me this FAZ has bad charts all around also.
October:
Opened at 16.72
Peaked at 19.71
Closed at 14.75
Maybe; maybe not. I got the feeling he was looking at a decent long term play and not a day trading situation. This to me would have to be an almost exact timing thing. No?
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