TZA might go to $15 from $10.85 in no time.

H

hajimow

If the short term bearish market continues, TZA can hit $15 in no time as it is a 3X bearish Russel 2000 ETF fund. To protect yourself you can also buy PUT for the strike of $10. If you are long in many positions in your portfolio, it also makes makes sense to hedge them by buying TZA.
 
hajimow said:
If the short term bearish market continues, TZA can hit $15 in no time as it is a 3X bearish Russel 2000 ETF fund. To protect yourself you can also buy PUT for the strike of $10. If you are long in many positions in your portfolio, it also makes makes sense to hedge them by buying TZA.
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I own TZA, it could easily surge to $15 in a week or two once the fall comes, and since it moves 3X the Russel 2000 it will do it extremely fast during the next fall, I saw SOXL go from $10.35 to nearly $14 about a month ago, then it dropped just as quick so you have to be ready to sell on those huge gains, especially if its a gain of 30-40%...Take profits and wait for the next pullback on these etfs....
 
blakpacman said:
Or to $5 slowly over the next year. Kirsten Dunst strikes again today.
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nah, it doesn't take much to move TZA once markets slide, if there was an actual 10% correction in the nasdaq TZA would probably trade in the $16-$18 range....Im still long TZA and not worried. I have seen SOXL climb over 30% in a few days on those nasty pullbacks....its always good to have a few shorts on just in case that correction does come..Still long TZA :)
 
S2007S said:
nah, it doesn't take much to move TZA once markets slide, if there was an actual 10% correction in the nasdaq TZA would probably trade in the $16-$18 range....Im still long TZA and not worried. I have seen SOXL climb over 30% in a few days on those nasty pullbacks....its always good to have a few shorts on just in case that correction does come..Still long TZA :)
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Well, I wish you luck.
I'm not trying to short this market.
 
blakpacman said:
Well, I wish you luck.
I'm not trying to short this market.
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thanks, Ill let you know how it goes....for now TZA isnt looking great today, but it was kicking some major a$$ earlier this week, like I said if you buy any of these short 3X etfs as soon as you see profits you need to take them, especially in this risk free propped up market where there is no such thing as corrections, just minor dips but NEVER EVER a correction, the fed wont allow that to happen.
 
Actually I see some weakness in Russel 2000 today (Friday). S&P is up 1.2% but IWM is only up 0.6% and TZA is recovering from day low.
 
hajimow said:
Actually I see some weakness in Russel 2000 today (Friday). S&P is up 1.2% but IWM is only up 0.6% and TZA is recovering from day low.
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im noticing that as well, its coming back up from intraday lows, should be interesting to see where it heads....
 
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