Is TZA a buy? - Seeking Alpha

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HEADLINES:

Best ETFs For The Coming Blow Off Top
Wall Street Sector Selector • Sun, May 12 • 2 Comments
Is This The Market Top? How To Best Position For A Sell-Off
Christopher F. Davis • Wed, May 8 • 48 Comments
Sell In May And Go Away; Profit Anyway
Christopher F. Davis • Wed, May 1 • 19 Comments
Thursday Already? Earnings Week Is Too Much Fun
Philip Davis • Thu, Apr 25 • 2 Comments
5 Trade Ideas That Can Make 500% In An Up Market
Philip Davis • Sun, Apr 14 • 54 Comments
4 Ways To Profit From Stock Market Panic
Christopher F. Davis • Mon, Apr 8
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
SMID-Caps: Where The Real Chance For Alpha Lies
AllianceBernstein • Sun, Mar 31 • 13 Comments
How You Can Make Large Profits From 'Sell In May And Go Away'
Derrik Lattig • Fri, Mar 15 • 25 Comments
Can Renewed 'Animal Spirits' And The Fed's Money Keep This Bull Alive?
Joseph Stuber • Fri, Mar 15 • 26 Comments
TZA: What Does The Upcoming Reverse Split Mean For Investors?
Christopher F. Davis • Tue, Mar 5 • 16 Comments
Fiscally Tightened Friday: Dollar Up, Markets Down - So What?
Philip Davis • Fri, Mar 1 • 5 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
Fabulous Friday Finish: S&P 1,500, Russell 900 And Dow 13,800
Philip Davis • Fri, Jan 25 • 18 Comments
Telling Tuesday: Top Tier Stocks Report Earnings
Philip Davis • Tue, Jan 22 • 11 Comments
Income Portfolio Update - Value Investing In A Low Volatility Environment
Philip Davis • Mon, Jan 21 • 12 Comments
Friday's Fantastic Finish: What Next?
Philip Davis • Fri, Jan 18 • 19 Comments
Friday's Fantastic Finish: Russell All-Time High, S&P Catching Up
Philip Davis • Fri, Jan 11 • 20 Comments
Thrilling Thursday: 880 Or Bust On The Russell
Philip Davis • Thu, Jan 10 • 19 Comments
Wednesday's Wild Start To 2013
Philip Davis • Wed, Jan 2 • 21 Comments

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TZA: What Does The Upcoming Reverse Split Mean For Investors?
Christopher F. Davis • Tue, Mar 5 • 16 Comments
Going Flat For Safety
John Dalt • Fri, Oct 21, 2011 • 14 Comments
Bear Rally or Turnaround?
Thomas Pan • Wed, Sep 8, 2010 • 15 Comments
Leveraged ETFs: A Seeking Alpha Expert Panel
SA Editors • Wed, Nov 11, 2009 • 10 Comments
What Happens When You Hold Leveraged ETFs for More than One Day?
Marc Gerstein • Wed, Mar 25, 2009 • 22 Comments

Best ETFs For The Coming Blow Off Top
Wall Street Sector Selector • Sun, May 12 • 2 Comments
Is This The Market Top? How To Best Position For A Sell-Off
Christopher F. Davis • Wed, May 8 • 48 Comments
Sell In May And Go Away; Profit Anyway
Christopher F. Davis • Wed, May 1 • 19 Comments
Thursday Already? Earnings Week Is Too Much Fun
Philip Davis • Thu, Apr 25 • 2 Comments
5 Trade Ideas That Can Make 500% In An Up Market
Philip Davis • Sun, Apr 14 • 54 Comments
4 Ways To Profit From Stock Market Panic
Christopher F. Davis • Mon, Apr 8
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
SMID-Caps: Where The Real Chance For Alpha Lies
AllianceBernstein • Sun, Mar 31 • 13 Comments
How You Can Make Large Profits From 'Sell In May And Go Away'
Derrik Lattig • Fri, Mar 15 • 25 Comments
Can Renewed 'Animal Spirits' And The Fed's Money Keep This Bull Alive?
Joseph Stuber • Fri, Mar 15 • 26 Comments
Fiscally Tightened Friday: Dollar Up, Markets Down - So What?
Philip Davis • Fri, Mar 1 • 5 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
Fabulous Friday Finish: S&P 1,500, Russell 900 And Dow 13,800
Philip Davis • Fri, Jan 25 • 18 Comments
Telling Tuesday: Top Tier Stocks Report Earnings
Philip Davis • Tue, Jan 22 • 11 Comments
Income Portfolio Update - Value Investing In A Low Volatility Environment
Philip Davis • Mon, Jan 21 • 12 Comments
Friday's Fantastic Finish: What Next?
Philip Davis • Fri, Jan 18 • 19 Comments
Friday's Fantastic Finish: Russell All-Time High, S&P Catching Up
Philip Davis • Fri, Jan 11 • 20 Comments
Thrilling Thursday: 880 Or Bust On The Russell
Philip Davis • Thu, Jan 10 • 19 Comments
Wednesday's Wild Start To 2013
Philip Davis • Wed, Jan 2 • 21 Comments
Monday Cliff Countdown
Philip Davis • Mon, Dec 31, 2012 • 23 Comments

There are no Transcripts on TZA.

ETF Focus: Top ETFs show extent of market rout

at MarketWatch.com (Sep 22, 2011)
Chuck Jaffe: Reverse share-split unites ETF investors

at MarketWatch.com (Jun 20, 2010)

TZA vs. ETF Alternatives

TZA Description

The Small Cap Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000® ("Small Cap Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Core Building Blocks: A Guide to ETFs That Divide the U.S. Stock Market by Market Cap
Asset Class Performance: Market Cap

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, May 9, 3:24 PM "Our enthusiasm is clearly a notch below where we were at the beginning of the year," write Credit Suisse analysts, starting to see a bit of froth creep into small caps. At 16.4x earnings, the Russell 2000 (IWM) "has admittedly lost its valuation appeal." For now, they're buyers on dips, but should the index near the 1,000 level, valuation pressure will really start to be felt. 3 Comments
Wednesday, May 1, 2:23 PM "The canaries in the market coal mine are gasping for air," says CNBC's Melissa Lee, as mild declines in the Dow (DIA -0.5%) and Nasdaq (QQQ -0.2%) belie sharp drops in small caps (IWM -1.8%) and mid caps (MDY -1.1%). The S&P 500 has widened its lead over the Russell 2000 to about 200 basis points YTD. 1 Comment
Friday, April 26, 9:26 AM Small-caps have a fan in Goldman Sachs which is out with a report today forecasting a 14% gain in the Russell 2000 (IWM) over the next 12 months vs. just 6% for the S&P 500 (SPY). The S&P is outperforming YTD by about 50 bps. 2 Comments
Monday, April 15, 12:38 PM The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret. 1 Comment
Sunday, April 14, 8:25 AM The reconstitution of the Russell indexes coming up in June, Credit Suisse aims to anticipate who's in and who's out. The rules-based approach of the Russell 2000 has allowed arbitragers to profit each summer by front-running the moves, making the Russell 2000 ETF (IWM) a poorer play for small cap fans than IJR . Expected among the top 25 adds are ARCP, SRPT, PBYI, ACAD, and WSTC. Among the top 25 deletes: CPST, FCEL, CHKE, OMER, and EML. Comment! [Quick Ideas]
Wednesday, April 3, 8:00 AM Something for the technicians to have a look at is this chart from ukarlewitz noting small-caps (IWM) have joined the industrials (XLI) and semiconductors (SMH) in slipping below their long-term uptrend line. Oversold in an uptrend tends to get bought, he says. It's a key time. 3 Comments
Monday, April 1, 1:32 PM Technicians spot a troubling divergence, with the Russell 2000 (IWM) falling 1.3% to start the new quarter while the DJIA (DIA) remains flat. Some believe small-caps lead - both on the way up as with the current bull run, and on the way down - and today's relative decline continues a pattern begun last week. 2 Comments
Tuesday, March 26, 1:27 PM Small-cap stocks are set to outperform, according to Goldman research showing the IWM outperforms the SPY by an annualized 8.1% in quarters following a steep drop in the VIX. The "acute" decline in the VIX YTD "provides a tailwind to small-cap performance in 2Q13." A must-read for small cap index fans is SA author Ploutos' piece suggesting IJR is your best bet. 3 Comments [Quick Ideas]
Friday, March 22, 12:29 PM Lagging the solid rise in stocks today are small caps, the Russell 2000 (IWM) up 0.1% while the S&P 500 and Nasdaq post better than 0.5% gains. Thus far in 2013, IWM is about level with the S&P, but is about 300 bps better on a Y/Y basis. IJR - maybe better for small cap fans - has outperformed both. Comment!
Thursday, March 14, 12:48 PM The VIX is low, but it's not at an all-time low. Small cap volatility, however, hits what looks like a record low with the Russell 2000 (IWM, IJR) VIX declining to 13.97, says Stifel's Dave Lutz. For the year, the IWM is up 12%, outpacing the SPY by more than 200 basis points. Comment!
Monday, March 4, 8:53 AM Direxion Shares sets splits - regular or reverse, as necessary - on 16 triple-leveraged ETFs to put each fund's price at "a level more attractive to investors following several months of rallying equities market(s)." Those affected: ERY, YANG, EDZ, TECS, NUGT, FAZ, TZA, MIDZ, FAS, RETL, EDC, SPXL, DRN, LBJ, TYD, TNA. Comment!
Tuesday, February 19, 9:10 AM Owners of the Russell 2000 ETF (IWM) may be able to declare arbitragers as dependents on their tax returns. Sharp traders have been gaming the rules-based rebalancing of the popular small-cap index for sweet profits each summer. Small-cap fans should instead take a look at IJR - it's performed better thanks to inclusion rules that may make more sense and are less likely to be arbitraged. Comment! [Quick Ideas]
Friday, February 15, 3:41 AM PowerShares expands its Low Volatility ETF suite with 2 new ETFs: S&P MidCap Low Volatility (XMLV) and S&P SmallCap Low Volatility (XSLV). The ETFs come with a 0.25% expense ratios, in line with counterpart IDLV (0.25%) and SPLV (0.25%), and slightly less than EELV (0.29%). Over the recent 1-year period, SPLV returned 16.36%, 68 basis points better than SPY, with an SD of just 8.6% vs. 12.8% for SPY. (pdf) 1 Comment
Thursday, February 14, 10:46 AM A strong January forced short-sellers to cover their bets in several prominent ETFs, with both SPY and IWM seeing an 11% reduction in the percentage of their float shorted. The MSCI EAFE Index Fund (EFA) - with heavy exposure to Europe - saw a 24% reduction in shorts. Seeing an increase in activity is the SPDR Retail ETF (XRT) - 259% of the fund's float is now being shorted. Comment!
Wednesday, February 13, 10:42 AM Calling it "macro protection trading," Susquehanna's Chris Jacobson is seeing some take advantage of the low cost of SPY and Russell 2000 (IWM) options to get defensive. Popular is the "put butterfly" which works best in a slow grind lower. He's also seeing "calendar spreads" which protect against a selloff, but then make an owner a buyer if stocks fall too far. 2 Comments
Friday, February 8, 12:23 PM Large inflows into stock mutual funds continue, with the amount since the year's start now at $24.9B, according to Lipper, the strongest run since April 2000. Do ETF flows show even more of a move towards risk? The mighty SPY moves from first to last, losing $3B in AUM last week, while the Russell 2000 Index (IWM) and the Real Estate ETF (IYR) jumped to the top. 9 Comments

Philip Davis
Consumer Comfort Chart a matter of perspective. From Philstockworld Chat $$ $TZA $AAPL #economy -- http://bit.ly/11Yed0Z
May 2, 10:08 AM
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mobyss
Good AH $TZA opportunity at $38.6x. Apple and ATT disappoint. Nothing to extend the rally tomorrow. Sell $40+
Apr 23, 7:11 PM
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mobyss: Done accumulating this position. Averaged down from initial buy at $38.6 with buys at $37.11, $36.36. Now wait for > $41.50...
May 1, 1:30 PM
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Prutti
what's the census for 2mr? $UVXY, $TZA ?
Apr 15, 10:12 PM
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sheldond
$TZA position today in spite risks. I know all about the decay but this is a short term hedge for me. What happens over the next 90 days?
Apr 1, 8:40 PM
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sheldond: Two days down for the small caps........trade is 60 days down or correction of 5 10 or 20 percent in any one day event out of 90 days swing
Apr 4, 12:05 AM
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sheldond: Slow bleed through summer is actually most profitable scenario in my models.
Apr 4, 12:07 AM
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Ryan Perlowin
Are you buying protection? I own $VXX and considering a leveraged 3x bear ETF like $TZA or $SPXS
Mar 18, 1:32 PM
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Philip Davis
Pre-Market Commentary with a "wheee!" on oil $$ $USO, $SCO, $ABX, $GLD, $TZA, $XOM, $CVX, $UNG, $JJC... -- http://bit.ly/ZDwXAr
Mar 18, 9:24 AM
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xcobrastripesx
Opened a short in $XIV @ 21.8, $BAC @12.20, & $TZA @ 9.85......lets see where this goes.
Mar 8, 6:01 AM
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DaLatin: bueno ;>)
Mar 8, 11:04 AM
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Garthilk: I've got a stop limit sell order in place.
Mar 11, 12:55 AM
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Perkins Cove
$TNA, $TZA, $FAS, $FAZ, and more Direxion....heads up, splits coming.... http://bit.ly/10c1vxy
Mar 5, 7:56 PM
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Prutti
anyone holding overnight? $TVIX, $UVXY, $TZA
Feb 25, 5:24 PM
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444: Ray, you didn't say what strike price or stock. Did I miss it?
Feb 27, 8:09 AM
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sheldond: I'm holding TZA overnight and I held it from open today! Small position no fear looking for a string of bad days soon not sure when...
Apr 1, 8:08 PM
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Prutti
anyone bearish going into tomorrow? $TVIX $TZA
Feb 20, 3:55 PM
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Prutti: booooomshockalocka
Feb 21, 11:43 AM
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LATEST REPLIES

mobyss
Good AH $TZA opportunity at $38.6x. Apple and ATT disappoint. Nothing to extend the rally tomorrow. Sell $40+
Apr 23, 7:11 PM
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mobyss: Done accumulating this position. Averaged down from initial buy at $38.6 with buys at $37.11, $36.36. Now wait for > $41.50...
May 1, 1:30 PM
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sheldond
$TZA position today in spite risks. I know all about the decay but this is a short term hedge for me. What happens over the next 90 days?
Apr 1, 8:40 PM
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sheldond: Two days down for the small caps........trade is 60 days down or correction of 5 10 or 20 percent in any one day event out of 90 days swing
Apr 4, 12:05 AM
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sheldond: Slow bleed through summer is actually most profitable scenario in my models.
Apr 4, 12:07 AM
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Prutti
anyone holding overnight? $TVIX, $UVXY, $TZA
Feb 25, 5:24 PM
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444: Ray, you didn't say what strike price or stock. Did I miss it?
Feb 27, 8:09 AM
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sheldond: I'm holding TZA overnight and I held it from open today! Small position no fear looking for a string of bad days soon not sure when...
Apr 1, 8:08 PM
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cn_habs
staying put with TVIX... but should have bought TZA on Monday instead
12/14/11
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stevetampa33614: Tvix doesnt track the DJIA. it works both ways. It tracks the vix, it not impossible for TVIX to up 5% on a day when the dow is up 500 pts
12/14/11
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x oil -field: Charmin comfort - $CS Fear Toiletten-Papier $TVIX *New 52wk L$3.47¢ http://bit.ly/Y6ZvPR http://bit.ly/12qbkbp http://bit.ly/WHv8SD $GLD
Mar 28, 11:22 PM
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xcobrastripesx
Opened a short in $XIV @ 21.8, $BAC @12.20, & $TZA @ 9.85......lets see where this goes.
Mar 8, 6:01 AM
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DaLatin: bueno ;>)
Mar 8, 11:04 AM
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Garthilk: I've got a stop limit sell order in place.
Mar 11, 12:55 AM
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Philip Davis
Earnings play for $TUMI (Mon pm) - http://bit.ly/WVninI $GLD, $DBA, $TZA, $ALU, $USO, $FB, $JDSU and $LVS at - http://tinyurl.com/bflg2ph
Jan 31, 3:47 PM
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Maria Auziliadora: I like the stock It has been doing very good and is very strong
Mar 5, 4:05 PM
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Maria Auziliadora: I have made way more $$ with this one than AAPL
Mar 5, 4:07 PM
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Prutti
anyone bearish going into tomorrow? $TVIX $TZA
Feb 20, 3:55 PM
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Prutti: booooomshockalocka
Feb 21, 11:43 AM
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mots49
Isn't $TZA decaying to zero?
Jan 7, 4:35 PM
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Prutti: it appears to be.
Jan 7, 7:06 PM
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det9
Bought $TZA premarket 13.99. Can hold this for few days. Does not decay as fast as $UVXY.
12/21/12
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REIT: same here bought one or two yesterday for 13.58 good didn't get executed with yesterdays late rally had them for sale 13.78
12/21/12
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Seth Walters
I don't think there is going to be a fiscal cliff deal. Long $TZA.
12/18/12
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Seth Walters: Well, long term, TZA will approach zero, so I wouldn't call it buy and hold. But I'll hold it until the trade works or until it doesn't.
12/18/12
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Prutti: gotcha, thanks.
12/18/12
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Christopher F. Davis
$TZA ready to explode on a sell-off we all know is coming. Could short $SPXL or $TNA too
12/7/12
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jjsefton: You're smart for hedging. Me, Im up to my ears in SQQQ & TZA just waiting on The Matrix to defeat Neo haha
12/7/12
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jvastola: i'm in at 16.41 and 14.89 for a "net" of 15.85...though the markets seem to be breaking down the technical analysis bears.
12/11/12
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Christopher F. Davis
Interesting turn in market today. Shorted $SPY Longed $TZA. Shorted then Longed $AAPL. Added to $CSCO position. Monday will be interesting
11/30/12
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Christopher F. Davis: Usually I use short term option expiration for them if im day trading. I do buy commons too. Lost money until I realized how to do it proper
12/2/12
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Calvin Le: Interesting short term option method, and I know some very successful people that do that. Rare in numbers that I know but the best than
12/4/12
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Seth Walters
Trades today: Long $TZA (at end of the day)- believe that relief rally is overstretched, index upside is limited, and downtrend may resume.
11/23/12
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Seth Walters: I exited this at 15.22, haha. 16.22 to 15.22. I've made 3 TZA trades now, 2 losses and 1 win. The win was big enough to outweigh the
11/30/12
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Seth Walters: Two losses so far. I need to stop gambling and wait for trend to show itself.
11/30/12
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Christopher F. Davis
God Save The Queen! We finally got a selloff that was way overdue. I picked up UVXY and TZA this morning. Selling Monday.
10/19/12
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Christopher F. Davis: Exact, Ill prolly dump 75% of these before 4pm lol. Crazy markets
10/19/12
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Hillbilly Stock Star: LoL! I have seen stranger things prolly in Nov! 2788!
10/19/12
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444
Earning myself some cake or snob-beer or something today. In TNA 62.46, out 62.84. In TZA 14.76, out 14.95.
10/4/12
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TZA Direxion Russell 2000 Bearish 3X ETF

TZA

Direxion Russell 2000 Bearish 3X ETF