Closed ZSL AM trade

Entry 11.95 Closed 66.20 Net gain 453.97%. My indicators: seasonal and policy movements lead to a neutral position until August when I will enter long. Net ahead on 15 yrs silver position. Changes in proposed tax code 2013 lead me to a new strategy. Best, Islander.

Congrats! A profit is a profit, but there's a reverse split in there (what was it? Five to one?) and the 52-week low is now 40 and there is no 11 on the chart anymore so you might want to recalculate the percentage gain, or go sell the rest of your shares. Good luck and good trading.

Congrats!

A profit is a profit, but there's a reverse split in there (what was it? Five to one?) and the 52-week low is now 40 and there is no 11 on the chart anymore so you might want to recalculate the percentage gain, or go sell the rest of your shares.

Good luck and good trading.

I'll let you know, Trade Station does not show the details, but it shows the cash on cash trade. it was a good trade.
Islander.

5 for 1 split. We moved to increase our number of shares after the split to balance out our silver longs. The folks who run ZSL have problems keeping their ETF in business when its price falls like it has. We are now neutral in silver via puts which is the way this metal should be hedged, not with ZSL. But my point is that now is probably the time to avoid inverse funds,zsl in particular, and plan a long position into the latter part of the year. I suspect that money printing is going to increase quickly. Islander.