Monday, November 24, 2008

The "O" Bottom!!!??! ~ FINANCIAL BULL 3X(Public, NYSE:FAS)

BuyOnTheDip
Nov. 24 at 3:36 PM

$FAS = SOLD

... HUGE WINNER!
23.4399 +7.4399 (+46.50%)

PROFIT TAKING: sold out FAS, sold out BGU, ICE day trade *hat tip RC*
.... holding DIG, SSO, ROM.
*sold the 3x BULLs, held the 2x BULLs*

The "tell from GOD" ... WFC under $25 , a miracle happened.

The SHORT BUS: FXP, EEV, SDP, HPQ puts

6 comments:

Big Mike said...

how long you going to hold the basket?

Ragin' Cajun said...

Nice trading today, glad you caught ICE.

Mattyrye said...

FAS and FAZ are like going from crack to heroin...

BUY ON THE DIP said...

cheers RC!

and hahaha... Matty,

that's why we had to put down the pipe.

back to the 2x'rs ... weed is legal , right?

Mattyrye said...

loving the weed as well, those puppies are as sick as they get...any chance they have some sort of impact on this market..Collapse of the ETF, holding periods, etc? i mean no one without any type of experience should be touching those direction 3x....better off signing on full tilt poker..

Active trader network said...

Over time FAS/FAZ tend to lose money. These ETFs are good only for daytrading and very short-term plays. If you put them on the same graph, they're not a mirror reflection of each other.