ZSL, then and now

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#1 Tue, Jul 26, 2011 - 10:58pm
Biochar
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Seattle, WA
Joined: Jun 14, 2011
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ZSL, then and now

Interesting how ZSL was 12.83 at the end of April when silver was 48ish, now it's 12.81 and silver is 40.77 (as of this posting)

https://stockcharts.com/h-sc/ui?s=ZSL&p=15&b=7&g=2&id=p48419556292&a=240318689

Maybe better to short ZSL instead of go long AGQ if one thinks (as most of us do) silver heads higher to the end of the year. My math skills suck, am I correct on this?

Edited by: Biochar on Nov 8, 2014 - 5:09am
Wed, Jul 27, 2011 - 1:36am
Biochar
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Seattle, WA
Joined: Jun 14, 2011
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sorry, assumption wrong, wasn't able to edit above post

Silver, roughly 32 to 41... AGQ roughly 154 to 224, gain of 46%

if one had shorted 100 shares ZSL... roughly 24 to 13, gain of $1100 on an investment of $2400, that's also 46%

my bad

Wed, Jul 27, 2011 - 2:25am
hhesse
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short zsl

if you stayed short zsl from late april, you have made all your money back.

if you stayed long agq from late april you still have a long way back to the old high.

its the decay

as Ag rises your zsl position diminshes each day (your next day bet is smaller), opposite with agq, your bet is expanding

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