Wow, the RUT just keeps going up! I'm getting killed in TZA. Can't sleep. Reading Yahoo! message boards, looking at BoardCentral for tweets on triple-short ETFs. Looking for some kind of comfort.
I found a string of posts by some guy, Munhoi, how claims he went in 100% on DRV today at the close. Says he has a cost basis in it of about $7.19, I think. Says the day the market corrects is this coming Monday (4/26).
I sure hope so. This market just seems ridiculous.
Someone said that Europeans are buying the US small caps market, since the European markets are pretty flat and have been for months. This makes sense, sort of, I guess.
There are some people on the SRS board that claim they've lost hundreds of thousands of dollars betting against this market.
Anyone here feeling like they made the wrong move buying TZA? I'm not blaming anyone. I looked at the market and last week, it just seemed like the correction was coming soon... like this week. So, I bought a bunch and kept buying. I'm in at an average of $6.40, now. I'm starting to just want my money back.
Ugh, I've got to get some sleep!
