December 13, 2012
– Comments (4)
Not on Topic, but how did you find POOSF Poseidon yesterday ? ( (Just curious)
I had it as a pick on my other accound (KDakotaFund) that I had as a limit order a looong time ago. So I just happened to see that huge drop while looking at my other accound and figured it was worth a shot, at least on CAPS.
Thanks, make sense. I see you green thumb Ultras 3x over longer periods, like USLV , don't they always lose in the long term because of expenses?
They don't lose over the long term due to expenses, but more due to mathematical issues inherent with ultras.
That being said, they work great if you can time them right. Most of my green thumbs of ultras have been timed poorly. I even have a number of red thumbs of ultras that I'm down hundreds of points on due to poor timing. On one hand it's nice to know that it's a certainty that I'll get them back eventually, but on the other hand, it sucks knowing that process could literally take years.