Fas/faz - 5/4

Whatz up good people!! How we wrapping this thing for the weekend?

 

The widowmaker FAZ trading at $4.60 brutal, this thing should come with a good divorce attorney.

 

LOL!!! Yea I'm still holding june calls, it's been painful... But I'm sure there's upside next week.

 

ya know, I hate to point this out, but people been saying this since november.

 

I am + 35% for the week. I am up 2% overall from the beginning of the month though so both happy and depressed.

 

good point. But would I be buying financials at these levels? No one with any market acumen should be doing the samem but i may be wrong.

 

I will be looking for a trend line break of vix before I go long FAZ.


vix chart

 

The condition of the Dow is up as the
banks are better then thought.

FAS will hit $20 here shorty

just stay long.................

 

That would work for me.

I have some FAS calls that would return 1000% D ) if that's right.

 

While this sounds correct, I'll say one thing and leave it at that.

I don't know if the rally will continue, or if it'll be down 300pts on the DOW on Monday morning open.

So..... I'll take the simpler route, ignore all the speculation, quit trying to call tops/bottoms, assume that the hedgies and 401k managers are smarter than I, and continue to follow the trend.

Of course it's difficult to NOT have some skepticism at this point. But why let your skepticism rule your trading decisions? Go with the flow, until the flow changes, on whatever time frame you trade at.