This market just won’t quit, nothing will stand in its way, not $AAPL, not nuclear missiles, nothing. This TZA position I have is starting to become a thorn in my side. I would say it would be fun to watch it trade to zero, but it will reverse split again and perform the roll back to zero, over and over again.
How about the VIX? another instrument going to zero. I degress.
The hardest thing to do is buy stocks here, which is why it’s probably the correct move. However, I can’t buy here.
I’ll be back in a bit with today’s daily hybrid movers.
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Question: Why would a man, certainly knowledgeable of the market, buy an instrument such as TZA.
it’s a hedge to my longs, only a small position size, cost basis is 11.79.
Truly amazing strength.