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Thread: The problem with leveraged ETF's...

  1. #21

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The problem with leveraged ETF's...

    Quote Originally Posted by wv-girl View Post
    Anyone have any info about FAZ doing a reverse split? I caught a short snippet of information...
    I found this...

    Direxion To Reverse-Split FAZ/FAS
    -- Tom | My Trades

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  3. #22

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The problem with leveraged ETF's...

    Pretty good day



    I'm not sure I have ever seen a reputable traded equity vehicle do a 10 to 1 reverse split. Looks funny. I've seen a few dogs (bad stocks) do it, but not one with this volume.
    -- Tom | My Trades

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  5. #23

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The problem with leveraged ETF's...

    Quote Originally Posted by etftalk View Post
    Pretty good day



    I'm not sure I have ever seen a reputable traded equity vehicle do a 10 to 1 reverse split. Looks funny. I've seen a few dogs (bad stocks) do it, but not one with this volume.
    I had no idea this was comming down the pike. I wonder how many folks are getting ripped off because now they can't afford to build their position?

    Maybe they are trying to get rid of all the bottom feeders driving the stock down?
    Candlestick crack addict...

  6.  
  7. #24

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The problem with leveraged ETF's...

    I hear you, but it had to do with saving costs because the penny bid/ask spread represented a higher percentage loss just getting into a $3 or $5 stock.

    Now I see, with the 54.33 bid and 54.35 ask, it's just a .02 spread instead of .10 if you had bought 10 shares at $5.43/share.
    -- Tom | My Trades

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  9. #25

    Join Date
    Mar 2009
    Posts
    36

    Default Re: The problem with leveraged ETF's...

    Thanks everyone for helping out. I wasn't in FAS/FAZ but had been watching it.

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  11. #26

    Join Date
    Jan 2009
    Location
    Upstate NY
    Posts
    142

    Default Re: The problem with leveraged ETF's...

    Just imagine how much money gets 'stolen' every day from individual investors who play this penny stock.

    Computer traders: Buy, dump, buy, dump, buy dump.... all in a matter of .05 seconds.
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

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