Wednesday, December 3, 2008

the FAZ track to Profits! ~ FINANCIAL BEAR 3X(Public, NYSE:FAZ)


*FAZ*
64.9699
+0.82 (+1.28%)
add to your winners!

28 comments:

BUY ON THE DIP said...

FAZ

66.99 +2.8401 (+4.43%)

hmmmm ..

Big Mike said...

you have a stop loss for FAZ? or going to hold it for a bit?

SMITH said...

IN THE RED~! FAZ

Big Mike said...

ah im still green tho =)

KP said...

We are going to dip end of the day

SMITH said...

YES IN THE GREEN FAZ

BUY ON THE DIP said...

just sold VISA (V) & EBS

still LONG: SSO, DIG, PM

SHORT BUS: the amigos, and FAZ

spec: HPQputs, FROputs, SPLSputs.

Anonymous said...

botd to late to get into


faz

Big Mike said...

got in faz at 58even, go out at 67even

going to get it again at the buzzer

BUY ON THE DIP said...

$FAZ .... 3rd shot!

full boat!

new lows

BUY BUY BUY!

BUY ON THE DIP said...

selling all longs.

$SSO, $DIG, $PM.

Anonymous said...

in big on faz


go team

Anonymous said...

sold my dog .. all in on faz

Anonymous said...

FAZ = mans best friend.

Big Mike said...

i sold my house and went all in on FAZ

BUY ON THE DIP said...

you actually "owned" a house to sell? hmmmm...

i thought everyone was in foreclosure.

jbreedlove said...

BOTD, I'm with you on the 100% bear and pure hatred. This market needs to drop.

Big Mike said...

lol thats what they want you to think :P

hey i saw you sold your longs, did you go 100% in on faz? or what percentage did you get in at?

Jpatel6 said...

ok well i did get my face ripped off today, but luckily i have some more cash to throw at these god damn ETFs. bought more FAZ afterhours and initiated positions in TWM and MZZ following xtrends on this....hopefully some good news comes out tomorrow and the market crashes...we must be living in bizzaro world!!

Danny said...

Muahaha....long SKF, SRS< and FAZ for tomorrow....all in baby! Zero to heero!!

Anonymous said...

So many bears...you know what this tells me? That we'll have a bottom and all you shorts will get squeeeeeeeeeeeeeeezeeed.

jigdaddy said...

this is the first time i am all in and naked long a shit load of iETFs...not gonna lie the next day/weeks are going to be very nerve racking. glad to see i have company though!!

Le_Soldat said...

Anon, the squeeze happened today.

jigdaddy said...

the squeeze happened today and yesterday

Danny said...

ANON- no bears here man...just traders...market is rallying on fluff...hot air...tomorrow/friday we're gonna drop 5-600 points..

jigdaddy said...

danny i hope your right.

Troy said...

The headline on Yahoo Finance reads "Stocks finish higher despite dismal economic data"
Why?

This is the billion dollar question. The economy is not in good shape, we've been in a recession for a year, unemployment is going up, and credit is frozen. Yet, somehow the market finds a way to go up. Since 20 Nov the Dow is up 13.7%. What changed last week to warrant this gain. My contention is NOTHING. I think that the market should be down and this is a bear-market rally that is nearly played out. Before Monday's 680 point decline, the Dow was actually up 16.9%. The 680 point drop on Monday was nearly exactly a 50% retracement of the previous week's gain. What does this mean? Could mean that we found a base at 8,100. My opinion is NOT so much. I expect that we will (and need to) retest at least 7,500. 7,000 to 7,500 not only represents the recent low on 20 Nov but also a 50% retracement from the Dow highs of ~14k. We are not out of the bear market, and most bear-market rallies are between 10-15%. History indicates that this bear will pull us back down.

Today was especially frustrating. Staples was up over 7.5% to close at 17.55. On 20 Nov Staples hit a low of 14.16. Since then, they've posted a tidy 24% gain. Why are they all of a sudden worth 24% more than 10 days ago? I don't think they are. Although I might have jumped on a bit early, I do beleive Staples trades back to 15 and below in DEC. This is my bet at least. There is no fundamental support at this price.

My suggestion, purchase 17.50 Dec Puts @ ~1.15. I think they go to >2 bucks from here.

jbreedlove said...

I don't know much except that whatever I do the market usually does the opposite. So I'm all short on this one because companies are cutting jobs, which leads to fewer people spending money, which leads to companies making less money, which means they cut more jobs. On the other hand, if I'm wrong you can all thank me for single handedly saving us all from a worse recession/depression.