After selling off Estée Lauder shares, I used the proceeds to initiate TZA shares directly. It's not my usual behaviour to buy shares outright, but I am not sure when will the bearishness begin again. Trump gave me a good chance to enter TZA yesterday. The issue with what is happening now is that
1. 10% base tariff maintains
2. Extension of 90 days doesn't mean no reciprocal tariff. Just ask Canada and Mexico. Whether the pain comes now or later, it will still come
3. Trump supported the market yesterday, as bonds are in danger of collapse. Not that he is kind or good at heart. Which means, once bond markets stabilised, I will expect the drama to continue
4. Extension of 90 days is for reciprocal tariff, not for other forms or types of tariffs.
I do not know if I entered too early, I do not know if I am right or I am wrong, what I only know now is that for every 100 shares of Estée Lauder that I sold, I can buy 300 shares of TZA.
it makes far better sense to own TZA now then Estée Lauder. At least to me. [Facepalm]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 18.43 1,200 | -- Closed |
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