Coffeehouse for desis
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I heart EZJ

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Post by charvaka Tue May 31, 2011 12:26 pm

I am not much of a speculator and like to make longer-term investments. But since the earthquake, I've done this one trade thrice, and it's paid of all three times: buy EZJ in the 60-62 range, put in a limit sell good for 60 days at a ~10% gain, and sit back and relax. First it was 60-72, then 62-70, and now its 62-67. It is like clockwork, the way that ETF moves down 5-10% every few days and then goes back up. I used to hate volatility, but I am beginning to like it!
charvaka
charvaka

Posts : 4347
Join date : 2011-04-28
Location : Berkeley, CA

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Post by nevada Wed Jun 01, 2011 2:37 pm

Good idea, but I am bit wary since it is a 2X ETF, it is highly leveraged. A few consecutive down days could leave it with a huge hole to climb out of.
Any other rangers you would recommend looking at?

nevada

Posts : 1831
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Post by charvaka Thu Aug 04, 2011 4:42 pm

This one is back in the range where it is again of interest to me. But it lost 12% today (yeah, it's a 2x ETF so bad days are awful for this ETF.) I am wondering if I should get back in at the 60 mark. May be I will wait and see if it goes to 55 before jumping on it.
charvaka
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