Zeev's Turnips Patch-No Politics (ZEEV)

[FinancialAdvisor]

I'm long FAZ, it's a great trading vehicle, especially for daytraders, but I'm hoping to catch the short-term trend here. In the past this has given FAZ gains of 150%+, I'm looking for that here off of the 4.62 bottom earlier this week.

So my target is $10+ if I'm right about the broader market, and especially the financials being ready to roll-over here through next week.

FAZ is never an intermediate to long-term hold. It's a -300% ETF, obviously this will be given a downward bias, even in a bear market. If you constantly have days of +1% and then -1%, rinse and repeat, do the math, the natural bias will erode the stock.

The idea is and always has been to play this type of ETF is as a daytrade or short-term trend play only. Look back at past gains it has had when the rest of the broader market dropped and tell me how that isn't tempting and a great trading vehicle to persue?