etftalk's Account

[JTH]

I can't believe how much they (FAS & FAZ) move. FAZ was 115 just 2 days ago. I have noticed that gaps do get filled quickly on these.

Feb 20, FAZ high was 86. 4-days later (2/26) filled a gap and made a low of 47.

For the moment, I'm loving these 3x ETFs, it's nice to see the action in ERX.

[Gumby]

I have an open order to buy FAZ @ 65.00. I may move this up as high as 75, but for now I want to see if I can catch the open gap created on March 2.

You may get that FAZ filled at $65. I am going to join you on this one.

[etftalk]

Amazing - down to 66.80 for the low. Looks like we'll get filled. The gap is actually 64.50 if you want to push it.

[etftalk]

Back to 71, and no fill yet.

[Gumby]

Back to 71, and no fill yet.

It will fill if we get an afternoon rally. I have a limit order in at $65 also.
After all you generally never have a losing trade!

[etftalk]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.

[JTH]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.

Congrats, I would have caved in @ 68, Patience in not one of my virtues...

[etftalk]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.

1/2 Filled FAZ @ 64.70.

By the way, the gap at 64.50 is filled.

[etftalk]

Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)

[XL-entLady]

Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)

Very nice. Now let's keep our fingers crossed.

Lady