Re: Corepuncher's Account
Well well, last two days have made me feel better :-)
My DUG is almost up to even, SDS is profitable, and FAZ is on the brink of breaking upward again. Still, I would like to get out of FAZ, at least scale out as it approaches my buy price of 41.30. Luckily, DUG is inverse to the S&P basically, since it isn't exactly "oil".
Agree, commodities will be a place to be. Going to enjoy the weekend. May use the 2X etf's instead of this CRAZY FAZ! Who knows, maybe FAZ will double from here!
Re: Corepuncher's Account
I may be dumb, but I just triple-downed my FAZ at 23.77. I will hold it until there is another financial mess that arises.
Re: Corepuncher's Account
Quote:
Originally Posted by
Corepuncher
I may be dumb, but I just triple-downed my FAZ at 23.77. I will hold it until there is another financial mess that arises.
I am beginning to think there is no end to the amount of money the treasury can print and give to the banks. The USA is screwed:sick:
Our dollars are going to be worth next to nothing.:eek:
Looks like we have a massive short squeeze going on.
Re: Corepuncher's Account
Call me nuts....FAZ @$20.00
Re: Corepuncher's Account
Quote:
Originally Posted by
Corepuncher
I may be dumb, but I just triple-downed my FAZ at 23.77. I will hold it until there is another financial mess that arises.
Same here. Gonna hold it for a while. Picked up some more at 19.28.
Re: Corepuncher's Account
FAS with a 41.29% Gain for the day. Yea that's right, one day. That's the power of 3X baby. Maybe next time I'll be on the right side of that trade.
But here's the kicker, FAS still didn't reach last week's highs.
And if you wanna get kicked some more, out of 194 financial stocks, not one closed in the red, no not one. :rolleyes: Well heck, I guess all our problems have been solved... :toung:
Re: Corepuncher's Account
I got out my FAZ at a huge loss...40% of my entire account balance.
Luckily, I only had 4K in there to begin with...but still it SUCKS!
I went long FAS...I think it has an excellent potential for doubling, at least, next few weeks. We have mark to market rules likely being relaxed...April 2nd I think? Anyway, I'll see where FAS brings me over the next couple weeks.
Re: Corepuncher's Account
Quote:
Originally Posted by
Corepuncher
but still it SUCKS!
I'm sorry to hear about the lose. This whole FAZ fiasco has taught me some valuable (costly) lessons. Probably the most important one, is for me to forget about being wrong or right, and to reconize a trend reversal quicker by going with the charts and not with what I want the charts to say.
Still down 61% :eek: on FAZ
Re: Corepuncher's Account
Quote:
Originally Posted by
JTH
I'm sorry to hear about the lose. This whole FAZ fiasco has taught me some valuable (costly) lessons. Probably the most important one, is for me to forget about being wrong or right, and to reconize a trend reversal quicker by going with the charts and not with what I want the charts to say.
Still down 61% :eek: on FAZ
Ouch! I am down about that much also.
Re: Corepuncher's Account
My condolences and commiserations with you all regarding our FAZ. A good lesson to all of us that the flavor of the day might give us a stomach ache. :sick:
Ms. Down $1k+
aka Lady