Fas/faz - 5/4

Discussion in 'ETFs' started by scot.mcpherson, May 4, 2009.

  1. This why I look at XLF.

    It explains a lot.

    Flat top pennant is broken.

    You don't see that in FAS.
    #41     May 4, 2009
  2. I'm out before the EOD crash/craziness.

    That was worth 8%. Really 4% since it was a 1/2.
    #42     May 4, 2009
  3. I wish I rode FAS...I didn't because I couldn't believe it was still climbing.
    #43     May 4, 2009
  4. Hey, I was short with you there for a while.

    But I can run and take the reverse if want.

    Not to be pushy, but uncertain days like this is perfect for doing the 1/2 size/hold both sides strategy like I kinda laid out in last week's thread, and taking what you can, even if it's only 2-3 %.... THEN loading up on days when you see a perfect set up, and blow a day trade.

    Just sayin'......

    ETA: jeeze, I shoulda held a while more, LOLZ.....
    #44     May 4, 2009
  5. Should I be punched for going short this market now? I'm getting that sinking feeling in my belly...
    #45     May 4, 2009
  6. if it makes you feel any better I went long on FAZ at 6.31...I feel like I shot myself in the foot also, however this is quite possibly a home run position so...I took it. Watch the AH market to see what's going to happen
    #46     May 4, 2009
  7. I agree, it could be the trade you always remember, but it's hard to swallow given how the market is just running ahead
    #47     May 4, 2009
  8. I better sell my posish now.
    #48     May 4, 2009
  9. What do you guyz think abt some Jun 9 calls on FAZ at 1.02?
    #49     May 4, 2009
  10. posish?
    #50     May 4, 2009