WmJoseSinclair

William Sinclair

Real Money Earned: $57.32
Location: Pine Mountain, GA
Member Since: 9/04/07
Portfolio Total:$727,478.04

Stock Analysis: 23

Portfolio Start Date07/20/09
Annualized Return:-80.3%
Total Return:-27.2%

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Stock Pick by William Sinclair

BGZ: Use BGZ for 3x short of large caps

Start trading BGZ with real money!

Rate Analysis

3 ratings

Posted 372 days ago on 11/13/08

Market call:BGZ will go UP
Target: $100.00 on 12/13/08
Current: $18.76 (-74.67% from time of market call)

The BGZ is a new leveraged large cap short ETF, which is 3x short. Very volatile: today's range was 74-105, and due to the 550 pt Dow rally, the BGZ closed down 20% and on its low. Use this to hedge your longs in your portfolio, you'll only need 1/3 the cash commitment as shorting the DIA or SPY would. The 3x long companion fund is BGU (think U for UP). Always Use Protection! --- The Jman

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Comments

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Rod Skoglund	Posted 11/20/2008, 8:47 pm I saw your comments and did a little research. I started playing with the group of 8 (BGZ TZA FAZ ERY TNA BGU FAS ERX), not all, but about 4 of the group. in and out a few times during the last few days and managed an increase of approximately 18% increase yesterday and 13.7% increase today. For those that are interested in learning more, I suggest reading "http://seekingalpha.com/article/106143-highly-volatile-new-direxion-t... for more info. THANKS J-MAN :)
Mahdi Cashville	Posted 11/19/2008, 1:41 pm up 30% since your call... congrats J-man, nice way to hedge this crappy market.
Mahdi Cashville	Posted 11/17/2008, 4:16 pm 5Stars... Nice call J-man, 3X etf is a great way to hedge if your heavy on the long side.
David Bowles	Posted 11/16/2008, 6:45 pm Appreciate the information--you deserve more than a one star for bringing this to our attention. I give it 5 stars.
Jim M	Posted 11/15/2008, 6:44 am OK, BGZ is done, going to head lower now. Short it!!! Buy the Long Side, BGU @ $36, that's going to $90. BGZ will go to about $10. My Jan-April 2009 target on the S&P is 1200 and QQQQ is $42, Trade accordingly.

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