Updating My Shorts on Financials and Tech

I picked up shares Monday of FAZ (FAZ) at $46.80. The triple short financials ETF declined over 17% an was down almost $10 per share. I think most of the upside potential for financial is baked into the stock. I expect investors to take profits after earnings. I also picked up some shares of REW (REW). This the ultra short technology ETF.

Comments

[LIVE FREE O...:]

Yup....FAZ took a beating but the financials appear to have topped and this looks like a great pick up.

Faz looks great as ddo some other short ETFs - TZA (short Russell 2000), SRS (short real estate), SDS (short S&P 500) & SBB (short S&P 600).

Good Luck!

Jul 14 01:06 PM

[bertil:]

Ouch! ....unless you are a very nimble trader, or possess GS's secret formula (!) these 3x ETFs are sure loosers.

Jul 14 10:20 PM