Monday, March 23, 2009

The "HUNGRY HUNGRY HIPPOS" Rally ~ Direxion Financial Bull 3X Shares (ETF) (Public, NYSE:FAS)

The FAS zones of LOVE & HATE.

300% HATRED. 

C3.13+0.51 (19.47%)
WFC17.33+3.34 (23.87%)
BAC7.80+1.61 (26.01%)

JPM28.86+5.71 (24.67%)
USB15.99+2.57 (19.15%)
MS24.43+4.19 (20.70%)
GS111.93+14.61 (15.01%)

LOSING OUR MARBLES!?!?! ... Today's RALLY felt like watching my kids play Hungry Hungry Hippos.   "The FRANTIC marble munching game!" .... the game, like this rally, is extremely annoying and you know it ends with someone crying.  Yet we play anyways. go figure. hmmm.  


Nobody's fault-a but mine
Nobody's fault but mine
If I don't read, my soul be lost

$FAZeppelin  19.20 -15.80‎ (-45.14%‎)

p.s.  Citigroup Inc. (C) and the "HUNGRY HIPPO" Rally of 2009 a.k.a.  The "retail suck-out" rally .... i.e., the bottom IS in rally.  Ergo, THE STOCK MARKET NEEDS YOUR MONEY! ... would "the public" really continue to invest with $C under $1?? ... prolly not as much. hmmmm,  so how do "they" keep you in the game? ... First,  notice how they lowered the delisting minimum to $1 .... hmmmm, then notice the 200% rally in $C, yay! ... next is the reverse split.  The "new" $6 CITI (C) will then be used as currency to "swap" paper for CASH! ... brilliant! 


BUY ON THE DIP said...

throw in some "calls of confidence"

today we went long $XOM OTM calls early.

Sold as a "day trade"... No overnight faith. But intraday it worked.

The market can't rally without oil or the fatty going higher. Xom wins to both.

we also like GS to $120.

April the "banks" report again. hmmm.

Good night.

Todd L said...

So, you do realize that leveraged ETF's have no support or resistance levels right? When FAS wakes up in the morning, it doesn't care what happened yesterday, or a week ago or a month ago. It is just a mathematical function; the gain or loss is three times the gain or loss of RIFIN.X. If you want to do technical analysis, you need to apply it to the RIFIN.X chart, not FAS/FAZ, otherwise you're setting a path to financial ruin.

Anonymous said...

i still love u man.

p.s. had bought C at $0.98 when it was cheaper than a dollar burger. sold it and now can feed myself on dollar burgers for months lol

Anonymous said...

I still didn't get ur check, jeffrey!


Botd is the new obi-wan going to shutdown FAZ reactor!

BUY ON THE DIP said...


please don't mistakes our random white lines for Technical Analysis. they are just lines of reference, let's see how they play out today. cheers and thanks for the comment.

ps. one LOVE.

BUY ON THE DIP said...

DRYS 5.38 +0.48 (9.79%) *long

RIO 14.31 -0.65 (-4.34%) *short
NEM 42.87 -1.80 (-4.03%) *puts
BTU 27.93 -0.95 (-3.29%) *puts

go team.

new rule: stop losing money.

BUY ON THE DIP said...

DRYS 5.54 +0.64 (13.06%)

*move stop above cost.

BUY ON THE DIP said...

out of DRYS. nice AM winner.

$GS to $120? *calls


$FAZ to $16? *long in hatred.

BUY ON THE DIP said...


-1.29 (-4.47%)

.... on lows

BUY ON THE DIP said...

HK 19.82 -1.12 (-5.35%) *calls
GS 113.39 +1.46 (1.30%) *calls

X 22.54 +0.46 (2.08%) *calls (added more today)

of confidence.

BUY ON THE DIP said...

$X , feelin' the effects.

+1.74 (7.88%)

BUY ON THE DIP said...


+2.34 (2.09%)

move stops up.

BUY ON THE DIP said...

out of NEM with a loss. boo.

BUY ON THE DIP said...

closed out $X. big win.

Anonymous said...

"Faz is on a complete tear up!!!

Huge buy orders coming in "

BUY ON THE DIP said...

jd!! in the place to be.


FAZ 20.16 +0.96‎ (5.00%‎)

Anonymous said...

On the move BOTD

FAZ +1.21 (6.30%)

Unknown said...

You think this is the beginning of a bigger sell off or just retracing the ludicrous gains yesterday?

3 big real estate indicators dropping tomorrow.... the bulls have been loving them lately.

Anonymous said...

+2.23 (11.61%)

"It's close to midnight and something evil's lurking in the dark
Under the moonlight, you see a sight that almost stops your heart
You try to scream but terror takes the sound before you make it
You start to freeze as horror looks you right between the eyes
You're paralyzed"

BUY ON THE DIP said...

jd, moonwalking just yet.

still down HUGE on FAZ. but nice to see some of "our" money come back. go team!

Unknown said...

So I'm holding from 18.87, 40% of my portfolio. Lets hope the bears are thirsty enough to drink up all the rally water these hippos need to survive!

I'm getting very interested in Indias tata motors. There new "nano" is only $2000, seats 4(ish), and over 50 mpg. I think india and china might need A LOT of these pretty soon. ADR Ticker is TTM.

BUY ON THE DIP said...


i can't wait for this HIPPO rally to end. Geeezus. lets hope the "truth" comes out in those #'s.

we'll see.

"today is better than yesterday."

Unknown said...

Oh, BTW, the spreadsheet says price correction to 23-ish is due for FAZ based on the rifin discrepancy.

"Say CAR RAM-ROD!!!!!!!"

Unknown said...

Aside from the earnings numbers, this toxic assets deal seems to be a lot less foolproof than they have led us to believe. Japan can serve as an example. Just need to outrun the decay.

Kidd Jones said...

BOTD, Clovis

Hell Rifin down 6% yet FAZ up 11%

6*3 does not equal 11 is this short interest holding FAZ back???

BUY ON THE DIP said...

Mr. Galikanokus ... the soap guy?

... wanna do repeater.

Unknown said...

Kidd, I think it will correct overnight, hence the "faz should be 23-ish" comment i left earlier. Once again i did this using CPL's spreadsheet:

"the next guy who says shannagans..."

Kidd Jones said...


What I am assking is this my friend. FAZ NAV from direxion shows $21.84 with a change of 18.35% from yesterdays NAV (;funds=FAZ)

though the closing price was $21.15 but further what I trying to illustrate is that the change in price is showing in my eyes the publics inability(not wanting to not not able to) to BUY FAZ because
in BOTD terms, the hungry hippos are still hawngry!!! My point is this something that can benefit us to watch??? or are we fishing in a small bucket trying to catch a big fish...

NAV change 18.35% ETF change 10.16%
so either short interest is killing this ETF or something funky is about to blow our nuts and not uncle buck with no teeth....

Unknown said...

I think your reading too deep Kidd...

Honestly the public in general SHOULD NOT buy this thing.... if you look through the Google finance threads you'll see what i mean. There should be some extra requirement to get in on this ETF other than knowing the symbol. Maybe a sobriety check and or an intelligence test. Friends don't let friends drink and FAZ!

On the direxion website they say:

-0.69 Discount it closed at, so PM and AH activity aside it will be adjusted to the $21.84

Are the fees that high?

Guess they cover there ass here:

"There is no guarantee the fund will meet its stated investment objective."