Monday, March 16, 2009

The FOUR ROOMS of PROFIT ~ Direxion Financial Bear 3X Shares (ETF) (Public, NYSE:FAZ)


Check the big green RECORD volume bias-bar on FAZ.  

... are you a BULL or a BEAR


"so TED, .... what's it gunna be?"


... the 4 Rooms. 










1) MON and the late day eh?
2) the FAZ reversal of a fortune.  
3) MS puts of power up 100%. 
4) I'm a SPY in the house of LOVE.

90% short. 10% long. 

p.s.  .... faith in SABBATH!
*satan laughing spreads his TWITTER wings*

55 comments:

Kidd Jones said...

BOTD

whats your 10%? HK?

Kidd Jones said...

16 Mar, 6:27 PM As expected, the Federal Accounting Standards Board came out of meetings today with new mark-to-market guidance for valuing illiquid mortgage assets - a move welcomed by big banks. The FASB stopped short, however, of actually changing the rules.

thoughts on this too???

seizure said...

let's hope we get some big movements one way or another, i have a lot of March Calls expiring soon.

i can see my SPY and GE puts gaining momentum but I think our IYR Calls are a lost cause.

sara said...

seizure when do you have sell those marchs calls
before they are worthless ?

sara said...

can you sell them on friday ,or people would not buy them ?

BUY ON THE DIP said...

Kidd, yes to HK. *calls
18.38 +1.07 (6.18%)
*sold 1/2 today, winner!


added short BTU.

25.85
+0.70 (2.78%)

BUY ON THE DIP said...

stinky BTU 26.20 +1.05 (4.17%)
*short*

bought more FAZ at $38.83 (palindrome style)

BUY ON THE DIP said...

and sold out HK.

nice winner!

thanks Floyd.

BUY ON THE DIP said...

the only long. team E*trade.

0.874
+0.054 (6.59%)

seizure said...

sara. The expire March 21 so on March 20th before end of bell I gotta close them out, otherwise I believe I have to exercise the option

sara said...

seizure so if you had 1 spy 72contract you would have to buy 100 shares of spy 72.00?

seizure said...

Sarah Yes that is correct if I have 1 Call Contract on SPY $72 I would be force to purchase 100 shares of SPY @ $72. In this case that's a good thing since SPY is up, Except I purchased SPY $72 puts, so I would instead be Shorting 100 shares of SPY @ $72

Everyone please feel free to correct me if I explained it wrong. I never actually gotten to the point where I exercised the contract, I've always closed the Options Position before expiration date

Big Mike said...

seizure,

When do you usally sell your options? till the last day when the option expires?

seizure said...

not really. I tend to sell it well before expiration since time decay eats away at your profits. But in this case I might've gotten caught on the wrong side and have been holding. At this rate I might as well hold till friday since it's fairly worthless right now......for now

Clovis said...

Are you still holding your FAZ? Maybe i'm weak willed, but i bailed earlier. THought i saw the right shoulder forming for a big ass h&s but looks like i was wrong....

If you are holding your FAZ what is your stop?

sara said...

damn .. got killed on my spy puts

BUY ON THE DIP said...

the lone long.

ETFC
0.910
+0.090 (10.98%)

no stop on FAZ, (losing my ass) will hold for 6 months if need be.

HK had a great day.

took some profits in MS puts this morning, thankfully.

MON is not an $80 stock. (83.07)

and BTU *short* added today.

fuck. cheers.

Kidd Jones said...

stop losses are for pussies and smart people. im with you and had none... yipee my anus ripped today and i only watched it then bought some more FAZ and SDS.

45% FAZ 35% SDS cash 20%

Kidd Jones said...

BuyOn

im thinking of shorting oil too.

SCO looking good...

BUY ON THE DIP said...

breaking wind news:

"Big Ben to save shorts"

go team!

HOT FAZ.

sara said...

i hope big ben can say something

sara said...

BOTD

when are you going to sell your spy puts ?

Kidd Jones said...

BuyOn

im thinking of shorting oil too.

SCO looking good...

Anon said...

Buyonthedip,

Bro, its been a longtime here. AMZN ripe to go down. Give it some tomorrow morning and then Boom.

Kidd, Be careful about shorts. USO broke its 50 DMA today. Oil may have legs here, which may rally the market as a whole.

Kidd Jones said...

Anon

S&P sitting right under the 50dma (800). If it breaks out we could see 900 but if it fails. Boom-Shaka-Laka Oil rally is dead. Dead I say. Oil is being carried by this rally and when it dies. Oil could very well, though the future contracts out are all sitting pretty for the bulls. But I like bullnuts for breakfast with my side of black toasted FAZ and a glass of choke on dirt SDS.

Kidd Jones said...

Anon

P.S. Cramer is picking Oil stocks. Recommending RIG today. Byebye rally. Shorters will pile on now.

Clovis said...

The charts still seem to agree with us bears. On the 5 month dow we kissed the top of the channel and retraced 38.2% from the "new years" high. Lets go sub wave 5!!!

seizure said...

FAZ @ 35.50. It is getting pretty low. I might have to jump back in again

BUY ON THE DIP said...

sold ETFC winner.

1.08
+0.17 (18.68%)

BUY ON THE DIP said...

MON 81.87 -1.20 (-1.44%)
BTU 25.48 -0.99 (-3.74%)
MS 22.65 -1.16 (-4.87%)

BUY ON THE DIP said...

WFC 15.26 +0.60 (4.09%) *short*
GS 99.41 +0.42 (0.42%)
*want to short above $100.

BAC 6.98 +0.71 (11.32%)
*cant break $7.

FAZ 32.64 -2.95 (-8.29%)
*all-in*

... this may be the death of BOTD.

Clovis said...

Fibonacci still agrees with you at 38.2%, as does the channel. Any comments on this chart? I still feel like a noob =(

http://clevercomputers.com/3_17.jpg

seizure said...

man good thing I held off of FAZ at that $35.
I'll look into picking up some FAZ soon, you can't have Financials like C and BAC and AI freaking G up for 7 days straight without some pull backs

Clovis said...

Darn, we had just broken that ascending channel on the dow, but looks like another fakeout. We do seem to be running out of steam, maybe intra-day h&s comin?

sara said...

wtf !

JonnyKu said...

Oh ben! Market is spiking My GE and SPY puts are almost worthlessss


I think i am going to give up trying to get back into FAZ, it seems we'll be trying to catch a falling Chain Saw.

seizure said...

no point in going short and catching the eventuall fall. Might as well ride long until the market turns.

keeping an eye on FAS, C, BAC, and AIG to get into.

Anonymous said...

Thats insane. People with half a brain will be selling into this fake rally. Will buy in to FAZ when it hits 27... lets see how the week ends...

seizure said...

FAZ April $50 calls are getting cheap

seizure said...

ok. forget the FAZ april $50 puts.

seizure said...

errr FAZ puts I mean. It keeps falling

Irishpitbull said...

Thank god I bought some backside puts on my FAZ postion...So instead of losing my ass i only lost a half...

NAZ said...

I JUST THREW UP IN MY MOUTH!! LOL

BUY ON THE DIP said...

"they" say 804 on S&P is the bull max.


good thing i sold etrade this morning. fuck. 1.26 +0.35 (38.46%)

i'm down 40K on faz ... "unrealized" losses.

see you in May, August, or October....whenever the crash happens. i'll be here.

NAZ said...

dont worry BOTD....have you seen the credit card default rates..LOL..and jpm and wfc havent really showed a REAL loss yet....I am all in FAZ as well. The fundamentals still suck..

BUY AND HOLD(for like two weeks..lol)

Anonymous said...

YOU SUCK.

sara said...

BOTd still with you on faz.. go team

Anonymous said...

Faith with Floyd!!!

Anonymous said...

banks are still insovent

JDP said...

this is fucking real gay....scaled in SPY puts and FAZ last week at 702, 712 730, 750 - ran out of capital..today was painful...made 100k during the selloff lost 90k during this fucking bullshit...i have 25k left to my name and i just bought april 40 faz calls..lottery tickets...i am down on them now but hopefully this shit just fucking stops..

hoping that atilla is right!

Lubes said...

If you follow Atilla he tends to be anywhere from a few days up until 2 months early on his short calls. He is much better on his track record of when he covers his shorts (aka temp market bottoms). But alas I broke my trading rules of stop losses and joined the faz and puts crowd and erased 1 months worth of gains in a few trading days. Morale of the story stick to your trading rules because well once you get cocky and sure your right you end up broke or like me broker

Clovis said...

I think we all have the right idea here with the shorting, just poor timing, which just about sums up my trading. The bigger they are the harder they fall? Assuming of course the fall is distributed and rationed appropriately so we see maximum compounding leverage!

I tried to find something reassuring charting the rifin:

http://clevercomputers.com/rifin_3_18.jpg

Looks like it might shoot up to 550 if that 510 doesn't stop it. Good luck everyone!

Big Mike said...

BOTD

thanks WFC i scaled some Cents off of it

Don't trip about FAZ most i have ever been down on that stock was 60k

go team!

Kidd Jones said...

Quad Witch Friday may be our day of reckoning... plus anyone see the S&P hit 806ish and belly flop???

BOTD

know what you call a fish with two knees? a blowfish

Anonymous said...

Every team hits a losing streak...We'll be ok.