Do not worry. This is still a bear MKt, right ? And this bounce will be over soon and anther wave push down will push SPX to further low level of 680. Your order will be out of water.
We learn lessons from the mistake we make.
When FAZ hit the highest level. It is its top. ( $110) It started to stay in the range for several days and did not move up, even MKT still push down. It tells us that it has reached its top.
When it starts to drop, DO NOT BUY, as its speed is like a falling from a cliff.
When you can buy FAZ again, is when GS is higher and higher to the point that no one even wants to. It is the time.
Wish you feel better.
My FAZ is under water too at 60.00, I just shorted skf to hedge, But holding is small. when this is all over, I will never touch FAZ FAS any more.
creditor 发表于 2009-3-13 09:59
My broker doesn't have inventory for FAZ, I had to short skf with double amount of shares instead. I think Lao Qiu is correct. But the market will have lower bottom this year, so still have chance to minimize loss.