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Thread: Corepuncher's Account

  1. #21

    Join Date
    Mar 2009
    Posts
    24

    Default 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!

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  3. #22

    Join Date
    Mar 2009
    Posts
    24

    Default 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.

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  5. #23

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Corepuncher's Account

    Quote Originally Posted by Corepuncher View Post
    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
    Our dollars are going to be worth next to nothing.

    Looks like we have a massive short squeeze going on.

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  7. #24

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Corepuncher's Account

    Call me nuts....FAZ @$20.00

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  9. #25

    Join Date
    Mar 2009
    Posts
    50

    Default Re: Corepuncher's Account

    Quote Originally Posted by Corepuncher View Post
    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.

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  11. #26

    Join Date
    Feb 2009
    Posts
    415

    Default 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. Well heck, I guess all our problems have been solved...
    Candlestick crack addict...

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  13. #27

    Join Date
    Mar 2009
    Posts
    24

    Default 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.


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  15. #28

    Join Date
    Feb 2009
    Posts
    415

    Default Re: Corepuncher's Account

    Quote Originally Posted by Corepuncher View Post
    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% on FAZ
    Candlestick crack addict...

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  17. #29

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Corepuncher's Account

    Quote Originally Posted by JTH View Post
    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% on FAZ

    Ouch! I am down about that much also.

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  19. #30

    Join Date
    Feb 2009
    Posts
    654

    Default 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.

    Ms. Down $1k+
    aka Lady
    If you think education is expensive, try ignorance. - Derek Bok

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