Quote from Trader666:
FAZ could easily go to 380. All it would take is a steady, sustained decline in the Russell 1000 Financial Services Index. Do the math, it's simple...not rocket science.
Quote from jprad:
Not possible. All trading in financials would stop long before the index came close to zero.
That being the case, how about you show us that you're more than just bile-laden talk by actually showing us that you know the math and you can apply it to prove me wrong?
C'mon sparky, show us all exactly how the FAZ climbs 1,950% from the current $19 that it trades at the moment.
Quote from Trader666:
FAZ could easily go to 380. All it would take is a steady, sustained decline in the Russell 1000 Financial Services Index. Do the math, it's simple...not rocket science.
Quote from Trader666:
Wow, you're even stupider than I thought. FAZ could easily go above 380 with a steady, sustained decline in the Russell 1000 Financial Services Index to the mid to upper 100s, depending on how many days and the % decline each day.
That proves I know the math to anyone else who knows it but I have no intention of spelling it out and wiping your butt for you like your mommy. It's 7th grade math and if you can't do it, go back to school.
Quote from jprad:
You're all bile and no brains.
Ain't no way, no how, never going to see 380 during this down leg again.
Quote from Trader666:
You truly are stupid, aren't you? I didn't say it's going to go to 380... I said it easily could which you said was "not possible."
Not only are you stupid, you can't admit when you're wrong.
Quote from scot.mcpherson:
Aawww fiddlesticks.
Yes its possible, but HIGHLY unlikely to happen soon, but honestly who knows what's going to happen next week or next month or next year.
Quote from jprad:
It's simply impossible for any leveraged inverse ETF to trade above it's previous high when the underlying instruments they depend on have not reset to levels well above where it was when the inverse ETF began it's previous run.
In other words, as the underlying continue to generally trend down the inverse will experience attenuated spikes with each successive down leg of the underlying.
Quote from Tony O:
but don't you mean, when the underlying instruments have not reset to levels BELOW where it was..
you are talking inverse here, right?