Thursday, January 22, 2009

TZA and SDS: Looking back to yesterday's decision to sell.

The day after my recommendation to sell TZA and SDS, the market dropped today going as low as 7,957 on the Dow, but then recovered to close at 8,123, down 105 points. The question now is should you have sold yesterday or not. I can't say for sure as we will need time to reflect back, but as far as today is concerned, the data on TZA is as follows, and then SDS.

TZA:
Closing price yesterday $56.71. High of the day was $67.93
My price sold $67.24
Closing price today $61.41. High of the day today was $64.31

SDS
Closing price yesterday $79.43. High of today was $87.09
My price sold $86.65
Closing price today $81.61. High of the today was $84.84

With the data we have today it is clear that yesterday was a better day to sell both of them. Tomorrow is yet another day.

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