Also, careful with stops today as I believe TZA and TNA are splitting shares today? TZA is 1:4 I believe. Don't know if that will affect anything. Probably not actually now that I think about it. TZA's share price should quadruple at the close, so your stop will pretty much be obsolete at that time. Lol
I just googled it real quick and found this:
Direxion Announces Reverse and Forward Share Splits of 16 ETFs (3/15/2013) | Direxion
But I believe originally I was looking at charts in Optionshouse and saw the news headline, probably around March 15th or 16th when they announced it.
Edit: looks like 4:1 on TZA and 1:2 on TNA
4 shares turn into 1. My understanding is that any excess shares (the remainder after dividing by 4) are sold ...?
I agree the wording is confusing. I think what they are trying to do here is consolidate all their funds to a similar price. So it would make sense to quadruple TZA up to the $40 range and then half TNA down to there as well.
If you "split" a share, you cut the price in half to make 2 shares. If you reverse split, you are doubling the price and consolidating shares. The ratios do appear to be backwards to me though...
IFT 50F 50I COB Today. What am I doing....
I might have grabbed F a month too early based on seasonality, but it should turn out well if the US markets are topped out and trend lower from here.
The "I" play could just be for a short term bounce if it scores big quickly, but I think there is more potential there mid-term than C or S.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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