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ZSL reverse split?

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
ZSL (silver ETF double short) went from 8.62 at yesterday's close to 32.68 this morning. Anyone seen any news on this?

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • krankykranky Posts: 8,709 ✭✭✭
    1:4 reverse split, effective today.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Those "carney game" 2X and 3X short ETF's need to reload occasionally or else they'd end up at zero. And we can't have that.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    2X and 3x ETF's are fine for a hedge or a DT (or very very short swing trade). Anything longer then that does not make sense. Check the math.Suckers game.............MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>2X and 3x ETF's are fine for a hedge or a DT (or very very short swing trade). Anything longer then that does not make sense. Check the math.Suckers game.............MJ >>


    In a strong bull market, 2X long silver (AGQ) keeps coming up with extra zeros every time I do the math.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>2X and 3x ETF's are fine for a hedge or a DT (or very very short swing trade). Anything longer then that does not make sense. Check the math.Suckers game.............MJ >>


    In a strong bull market, 2X long silver (AGQ) keeps coming up with extra zeros every time I do the math. >>



    You would be way better off putting twice as much into a 1X trade instead of using a 2 x or 3x vehicle on any trades lasting more then a few days. The daily resets erode profits. There is much written about this on line. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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