News Focus
News Focus
Followers 9
Posts 3882
Boards Moderated 0
Alias Born 07/07/2002

Re: goofyfoot post# 657818

Friday, 08/06/2010 9:29:28 PM

Friday, August 06, 2010 9:29:28 PM

Post# of 704049
Fishsurfer, BGZ is a short play and as such has ongoing costs. Take a look at UCO and SCO: Second Edit, end of September will probably have less than 2% as the operating cost of the fund. Just back of envelope, er WAG
You can see the slippage (probably a better term). I would recommend looking at the chart for BGZ and watch for a fibo or similar indication for a reasonable target. I would earnestly look for a reasonable way out within a few weeks. HTH

Edit, looks like if you bought em both you would loose just less than 20% in a year.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today