Replies to post #696593 on Zeev's Turnips Patch-No Politics (ZEEV)

[pantmaker]

Fois nothings wrong with it...it's just that it's a 2X inverse fund...it can get a little squirrelly (translation dangerous) if you aren't used to them. I trade it a lot personally...but I am not normal in the head. SH is a simple inverse ETF...SPX goes up...it goes down...SPX goes down...it goes up.

pants

[lee kramer]

Hi Sally. Looking at the daily chart, SDS put in a 6-day Island Reversal in November 3011. This is not good, it's awful.

SDS is in a clearly defined downtrend; from 28 to the current 16. Not good, awful.

I suggest that if you buy a stock intending that it rise, go for one in an uptrend.

Otherwise...DOOM.

Also, SDS has come way down. It will likely go further downer. Not sure, but I think so.

I do not like to be the bearer of bad tidings, but there it is. Go for a stock in an uptrend; try to make your money work for you. SDS has a long, long way to get you back to even.