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Thursday, February 24, 2011

Internet Still Down!

Limited service.. phone company says they will get service restored ASAP, just like they said this morning.

Some questions about FAZ and TZA.  FAZ has reverse split 5 for 1 and the TZA was reverse split 3 for 1.  QID and TWM are also on track to reverse split.  The accounting handled by the broker.  If, for instance, you had 1000 share of FAZ, you now have 200 shares, trading at 41.18. If you had 1000 TZA, you now have 333 full shares and a fractional share.  The ETF company, Direxion, will redeem the fractional shares in cash.  The 333 shares of TZA are trading at 42.19.

Hopefully, the internet connection will be back up tomorrow.

FAZ and TZA have been adjusted for the splits.

Bill

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