I'm going heavy ...

While this recent surge in the market scares any bearish minded traders, I've decided to reload on some times 3 inverse ETFs.  Wish me luck.  This is gunna hurt if I'm wrong but I don't buy this easy money for bank to bank lending in Europe.  While the credit crunch may be solved, the overall dynamics of Europe's problems has not changed.  The smart play is stay cash and sit the sidelines but I'm not smart so here I go ticker symbol TZA!!!

Its a good time, the market went straight up on what news exactly?

Nothing makes sense anymore.  Especially this recent rally.  I just don't buy it ... maybe I'm wrong ... I don't know but there's no way I can go long in this environment.  So I'm short at these levels.  I'm essentially doubling down here ... next week will test my nerves.

I like it. I am short spy as of friday late and long gold.

was looking at tza. gl...

looks like its in no-mans land with x-mas looming.

Markets off the highs but they cant keep it down..bad econ data, possible downgrade of all 17 EU countries, still the markets are green.

With all the news out today we should look for a spike Thursday/Fri when they r going to lay out more details of their plan to save EU...even though its been reported today that it will take AT LEAST 18 months to ratify any changes...
One such change was nations having to promise not to criticise ECB..lol

I'm getting a little nervous being short right now ... i feel the break is imminent (up or down).

I joined in along the day at 27.93$ ( got 550 shares)

At first, I did not know what i was doin and SS (sold the stock short) lol

Then i quickly realized (read up on it) that it was goin the wrong way as I wanted to BUY not sell the tza

still a learning process for me...

The gold guy I follow predicts that 12400 is the max that the DJ will go and that the markets will hit a wall sooner rather then later.

I did see some impressive recent historical quotes for the TZA hope we get to some of these high in the near future and clean up...

Hold on Tight!!!

Examine - These times three inverse ETFs are generally short-term plays for me.  I usually try to cash out once I hit a 20% gain.  They fluctuate so much, it can get a little scary during these times of uncertainty.  I love the liquidity at 30 million shares traded a day.  Lets just hope the market crashes so I can sleep tight sooner than later!  No worries about the blunders in shorting instead of buying.  As long as you get it right in the end, all is good ... yeah?!  Good luck man!!!

Your wish was granted...

Market is up down up down up down like f*cking yo yo.  Hurry up and crash already.  jeezus ...

i guess tomorrow it goes up...

the thing that frustrated me the most is that gold was moving up and down with stocks for a while now but yet last Friday as US stocks sore, gold traded flat, i guess today could of been worse lol

I am still holding on to that TZA till it hits 36$+

I also am a member in the bear camp but what i see now is  a possible move to 13100ish on the dow if my elliott wave count is correct. this rally is the start of wave 3 of  (c) of Y.  

i wouldnt doubt the fed tomorrow gives the market some juice ie: some loose talk of QE-ing that sends the market moving up with force. 

The Euro QE is the one thing I worry about since I'm short.  Since the ECB announced no major bond buying for now, I feel ok but with the market gapping up and down 3/4% at a time, it's still worrisome.  Nasdaq finally broke through that 50 day moving average on heavier volume than yesterday.  I'm hoping this could be the day that sets off the sparks on the short side.  I really need these gaps to be filled sooner than later.  Good luck to you all.

How'd this end up?

13k on the market with oil over 100, unemployment over 8%, Europe in a mess, budget and debt issues galore around the world..

This was an expensive lesson to learn. Why would you buy and hold a trading device that is virtually designed to go to zero? You were right with shorting it.

How do the fees involved with these ETFs work?

I'm not exactly sure how the fees work, but it can't be that bad. The point is the only way to make money on this is if you expect a sharp turn if the market is flat you're going to definitely lose money as it resets daily. So to buy and hold I would say is extremely dumb maybe for a few days if you expect some horrible news to come out or like the OP said he keeps it for a 20 percent swing either way..The index that it follows could be up 30 percent for the year and you still end up being down 40 percent just pointless.

why try to outsmart the market..  stick with high-dividend yielding stocks..    Telco & Energy Stocks yield some attractive yields these days..

Funny. Thats exactly how I feel about the markets.

i like it now though