Thursday, March 12, 2009

The Curious Case of BOTD. ~ Direxion Financial Bear 3X Shares (ETF) (Public, NYSE:FAZ)









the FAZ 5 day.

$41.60 -14.49 (-25.83%)

MOVE #22  ... "works EVERY time." 

Since the inception of FAZ this has worked. why fight that logic.  hmmm, although fighting the tape today felt like growing older in INVERSE.  Button On The Dip.  

hmmm, move # 22 ... also known as MOVE #catch 22.  "works every time, until it doesn't." .... let's all hope this isn't that one time.


... trade the "aging" range. 







$C up 6% after-hours. 
...going under $40.
 (again) 

BoTd. 

"The Err is Human, ... to FAZ divine."

SPY april 70s. 

p.s.  MOVE #22 confirmed .... we've never not made money when shorting $MON above $80.  VIVA El Regalo!!!

15 comments:

BUY ON THE DIP said...

this trade may last only days , or for a few months.

I will not sell.

banks are brad pitt.

BUY ON THE DIP said...

life is full of realizing the unrealized.

gn.

Jana said...

Here we are again.

Anonymous said...

FAZ....You sure...I'm in...Whats our stop out?

KP said...

Are we going to see DOW 5000-6000?

It is getting lonely in the pain cave.

Big Mike said...

"Teamwork makes the Dreamwork!" - BuyontheDip

:D

BUY ON THE DIP said...

MON
79.22
-2.47 (-3.02%)

BUY ON THE DIP said...

78.99 -2.70 (-3.31%)

seizure said...

come BOTD, come out of your cave and help me pile on the market and push it down.

SRS, FAZ

GE and SPY puts

BUY ON THE DIP said...

MS puts.

25.61 +1.43‎ (5.91%‎)

Kidd Jones said...

Sold my JPM today at the close $23.75 for some "Brangelina" profits.... 40% FAZ 30% SDS 30% CASH... GL all lets break this rally's ass monday.

j f said...

Kidd -- what are you looking at for resistance? seems like there's plenty of upside right now. ??

Kidd Jones said...

Mark to market Monday could be a turning point Monday...

gordongecko said...

BOTD,

are you worried about the upcoming news regarding market to market changes as well as the reinstatement of uptick rules? Or are you like the xtrends guys Atilla and SOL and thinking there's a sub 600 level coming up on the S&P within the next few weeks?

sara said...

i think the big drop is coming !

5000-6000