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Looks like FAS finally got its wheels of the runway....

Keep in mind when the volume is so low, moves are easier to make because the books are smaller. It takes less volume to influence a move.

Seems FAZ is the side to ride so far, but it doesn't have much oumph. I am still out.

I am having a hard time deciding which way it's going today.

Like a dumbass I decided to stay out completely....this afternoon I take a peek, I coulda been up 11% if I jumped in this morning in the premarket.

Looks liek we did good to get out early.

Well assuming I don't enter any positions again today. I am +9.5% for the week, +52.51% for the month, but I am only +19.66 overall from account basis due to the fact I was - 21.54% the previous (and first) month. March 30th was my first trade but I just added that to May since it's only one...

Its trading at $9.15 right now. I don't however necessarily believe that FSB is going to definately bring FAS down, I just didn't want to hang on to the risk that it might. I had nice profits this mornign and I wanted to protect them with the intent of hopping back on if things look positive...

I sold it this morning for 9.31, it was higher than that but then new of FSB being shutdown today came out this morning on NPR, so I got out. I don't know how significant a small state bank would be, but I figured protect the profit, I can always jump in again.

of course the last 3 day bear tear down screwed me up pretty bad and all on my very own :)

It seems that I make calls pretty well. I might time then poorly on occasion or paint myself into a corner, but if I try to be patient in the entry i seem to call things pretty well I think. I don't mean anything by this at all, but it seems whenever everyone here thinks I am being stupid is...

I am long on fas @ 8.72

If I recall I think we checked it out and discovered that you are still limited by PDT rules.

Well it hasn't been that dramatic, but the movement has been 8.25%, that's not exactly stagnant.

I wish I had the resources to do that. unfortunately having limited trades severally limits your potential and increases your risk.

I got stopped out earlier at approx. +2% while I was in my meeting. Too bad, because it looks like it took flight again fora little while.

ok I put in a trailing stop at 30 cents, set roughly at break-even. because I have a meeting ot go to.

Considering the channel we are in, unless there is a serious problem with the market, we are at a low risk value right now. I am in FAS at 8.67, and if it bombs I'll just hold it until it comes back later today or tomorrow or monday or whenever. I can't trade so many times in a day anyway.

The way things are wild and FAZ scares me. It "looks" like it's finally found a baseline you can count on for at least the short term, so it's less scary. I need to starting thinking about FAZ again. When the Market was gapping down consistently, even on during bull trends, I used to do...

If your broker has direct access I don't see why not, however it's entirely up to your broker. Call them, the number is 800-454-9272, 800-669-3900 or 402-970-5805