TZA nibble ?

[spreadem]

I'm taking a position in TZA ... extremely oversold anybody else?

 

[nazzdack]

Quote from spreadem:
.....extremely oversold.....

The lower it goes, the more "bullish" it gets.

 

[TheGoonior]

I prefer to see the corpse twitch once or twice before I re-issue his social security number. TZA is kind of a limbo contest isn't it:
New all-time lows and no visible support of any kind that I can see.

If I had the burning itch to go long, I'd probably be buying some puts along with it just in case.
It's a more likely candidate for a short on a rally in my opinion.
My $0.02

 

[S2007S]

Quote from TheGoonior:

I prefer to see the corpse twitch once or twice before I re-issue his social security number. TZA is kind of a limbo contest isn't it:
New all-time lows and no visible support of any kind that I can see.

If I had the burning itch to go long, I'd probably be buying some puts along with it just in case.
It's a more likely candidate for a short on a rally in my opinion.
My $0.02

If there is absolute support then it's time to go all into TYH, guess that's good for another $150+ to the upside. When a trade becomes to easy it's time to take notice of what's coming.