I wrote yesterday that I would be "ready to sell if some quick-and-dirty profit opportunities come my way."
As Snagglepuss says, "Exit, stage left."
A few moments ago. I unloaded my FAZ position at $10.87, from a cost basis of $8.85, for a gain of 22.8%.
Yes, FAZ has continued its run, crossing $11/share as I write this, but again, the FAZ purchase was for a quick trade, unlike my improving TZA position.
20 April 2009
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