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  • A Summertime Short Play with SDS [View article]
    if people who think that this market is going to continue the rally on through the summer and that the market is going to close the year markedly UP, please tell me when you think ANY type of correction will occur? without any correction this "recovery" will have NO FOUNDATION whatsoever and we will crash even WORSE later on in 2010, correct?
    May 16 19:16 pm |Rating: +2 -1 |Link to Comment
  • A Summertime Short Play with SDS [View article]
    no offense but mid november FAZ was about 85 bucks a share and FAS was 35. (and i think you mean "respectively"...?). decay of 50% and another big drop in RIFIN on a correction - if it were to get FAZ back up to 30-40 would be a gift....LOLOLOL


    On May 15 04:23 PM maximummarket wrote:

    > Carefull, the leveraged etfs are like swimming in theta. You could
    > have been long FAZ and FAS last november at roughly 55$ respectfully.
    > Today FAZ closed at 5.9 and FAS closed at 8.74. If the market trades
    > flat, the extreme leverage on the FAS and the derivatives in the
    > FAZ depreciate. This happens in flat markets after extreme volatility
    > has occured. Same principle with BGZ and BGU but not as extreme.
    >
    May 16 19:13 pm |Rating: 0 -1 |Link to Comment
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