Vladimir Senkov

Wells Fargo: Whatever Happened to Bank Bears?

On Aug 13 11:36 PM Joe Shareholder wrote:

> If we hit 9600 again, then it's time to get back into FAZ to recoup
> some losses. They pulled that 10 to one reverse split and it's lost
> half its value since then. I got smoked. However, what goes up
> must come down in this market. Benny Boy has a lot of persuasion
> and has manipulated this rally, but ultimately fundamentals ALWAYS
> win.

fundamentals eventually win but FAZ isn't an instrument that allows you time to wait for that eventuality.
unless your play is extremely short term you're likely to get smoked again with FAZ.