Replies to post #657818 on Zeev's Turnips Patch-No Politics (ZEEV)

[borusa]

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.

[ChartReader]

"Fishsurfer"--Felling better about those BGZ..??

What a difference a couple of 3X dayZ can make. (Hopefully you've still got 'em...)




Study the "10-DAY x 1-MINUTE" chart of BGZ (and RUI) at www.bigcharts.com

There's a "gap" on these BGZ at about $14.40 to $13.30 or so.

Somewhere there might be a good area to place a "stop-loss" on your BGZ position.

Oftentimes I like to SPLIT a large position by using TWO "stop-loss" orders (say half at $14.30 and other half at say mid-$13's)

You decide.


IF market continues to break....BGZ'z "could" hit $16.5 or $17.5..... who knows..??