Thursday, May 7, 2009

The FAZ nightmare is over

Never will I use these 3X instruments again. 50% loss.

2 comments:

  1. I actually lowered my average to $8 over the last few weeks (buying again and again) but considering when you posted this it was trading in the mid-4's that shows I have traded this horribly.

    I don't blame you for selling. I probably should have. Really I should have been out around $7 or $8 but oh well.

    Most of 2009's profits have been gobbled up in the black holes of SRS and FAZ. My SRS average is $29 now.. (still HORRIBLE)

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  2. If I can help move the market lower by being the last bear to capitulate on FAZ/FAS, then I'm glad I did my part.

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