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Thread: The Financials: FAS vs. FAZ

  1. #61

    Join Date
    Feb 2009
    Posts
    8

    Default Re: The Financials: FAS vs. FAZ

    With stress tests coming out on I believe on Thursday, how will FAZ do? I'm hearing that the test results will come out stating that the banks will need more $$$.

    Thanks,
    RC

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  3. #62

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The Financials: FAS vs. FAZ

    The question is, will we hear the real results, or what they want us to hear?

    That said I would be shorting any rallies this week (since it's worked so well the last 2 months ).

    BTW, that's shorting stocks, not FAZ.
    -- Tom | My Trades

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  5. #63

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The Financials: FAS vs. FAZ

    Put the FAZ down, it's not worth throwing your life away...

    All sacasim set aside (yea right) the trend is down, and has been down untill proven otherwise. Yes I know that traders like Attila are smarter then me, but picking a bottom for FAZ has put everyone on the wrong side of the trade.

    I also ask myself questions that I never know the answer to. Questions like "How can FAZ fall from the 50s and FAS not rise beyond the 11s?"

    How about the embedded Stochastics?

    Yes I'm still bitter about that 70% hit I took...

    1.png
    Candlestick crack addict...


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  7. #64

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The Financials: FAS vs. FAZ

    I don't get it


    FAZ is down almost 20%

    The majority of FAS holdings are in the red.

    Almost all the big FAS Stocks (by price) are in the red.

    This does not compute
    Candlestick crack addict...

  8.  
  9. #65

    Join Date
    Feb 2009
    Posts
    654

    Default Re: The Financials: FAS vs. FAZ

    I owned FAZ from $66 to in the $30's and haven't touched it since. I break out in hives when I think about buying it. I owned FAS from $4 to about $4.50 and have been afraid to buy back in ever since. I cursed FAZ all the way down and now I'm cursing FAS all the way up!

    Even Slope of Hope's Tim Knight got burned by FAZ again today.

    May 06, 2009 - 07:45 PM

    FAS, FAZ, and their Charts

    "Between FAZ and FAS by themselves (which didn't even exist half a year ago), nearly 900 million shares changed hands today. 900 million! Forgive my bluntness, but I'm starting to think that going long FAZ, like buying lottery tickets, is a tax on stupidity. Or at least one of the most efficient wealth transfer mechanisms ever created.

    What's apparent to me (a skosh too late) is what a superbly "technical" pattern FAS (its profitable brother) has laid out. Indeed, although a lot of people completely dismiss the ideal of using technical analysis on "ultra" ETFs, it holds up remarkably well in some cases. ...."[more]

    http://www.slopeofhope.com/



    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  11. #66

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The Financials: FAS vs. FAZ

    FAZ will tear your heart out, step on it, set it on fire, then leave to go use the bathroom. Don't saw we never warned you...

    For each of the last 5 days FAZ has put in an ALL TIME lower low.

    For each of the last 8 weeks FAZ has put in an ALL TIME lower low.
    Candlestick crack addict...

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  13. #67

    Join Date
    Feb 2009
    Posts
    654

    Default Re: The Financials: FAS vs. FAZ

    Nothing about the hated FAZ makes me smile. But this editorial cartoon did. Hope you enjoy it too.

    Saturday, May 09, 2009



    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  15. #68

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The Financials: FAS vs. FAZ

    Thanks Lady, but the only stress test I've been aware of is the one that tested my nerves

    Has FAZ finally found a bottom? Maybe, but don't get your hopes up, it may get stuck in the 4.40-5.80 trading range.

    1.png
    Candlestick crack addict...

  16.  
  17. #69

    Join Date
    Feb 2009
    Posts
    415

    Default Re: The Financials: FAS vs. FAZ

    Just in case anyone is interested.

    Attila's total cost basis on FAZ is 8.45

    That's 241,500 shares for a total position of 2,039,850

    http://xpositions.blogspot.com/
    Candlestick crack addict...

  18.  
  19. #70

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The Financials: FAS vs. FAZ

    He should have shorted 240K shares of FAS instead.
    -- Tom | My Trades

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