FAS/FAZ for New Week 4/27

Discussion in 'ETFs' started by scot.mcpherson, Apr 27, 2009.

  1. Yeah, jumping on NOW would be a little iffy.

    This is a higher low on my midterm chart, but at this point, I'm not adding unless it goes through 9.20 strongly, retraces a little, and THEN goes up again cuz I'm still not too sure right here. I'd want VIX to be spiking up too.


    It's starting to look like this last 2-3 day decline may just be a bull market pullback.
     
    #51     Apr 28, 2009
  2. Pffffffffffft.

    .02 made, LOL....
     
    #52     Apr 28, 2009
  3. I'm not sure it's pulled back enough here...but you may have a point. Anyways I'm short the futures here. We'll see how that works out
     
    #53     Apr 28, 2009
  4. #54     Apr 28, 2009
  5. #55     Apr 28, 2009
  6. I am still looking at FAZ and wanting to buy it right now....but I haven't yet
     
    #56     Apr 28, 2009
  7. well I hopped on FAZ at 9.06, in profit zone already so I hope I got in at a good time, looks like the dow is going to cumble in the last half hour here.
     
    #57     Apr 28, 2009
  8. Well closed at 9.27, and I am holding overnight.

    Steve, my computer crashed while I was responding to you (and while I was holding FAZ and it was getting closer to my buy price...scary...Anyway, I'll respond to you tonight from home.
     
    #58     Apr 28, 2009
  9. S2007S

    S2007S

    I think a pullback in the indexes is coming very soon, FAZ price target $11.50-$13.00 over the next 2 weeks.
     
    #59     Apr 28, 2009
  10. Maybe, but I am not holding that long. I'll be in and out of FAS and FAZ many times over the next few weeks. Hopefully I'll be on the right side of that pullback when it starts.
     
    #60     Apr 28, 2009