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I missed the jump from 10.75 to 11.40...I should have hopped on. I thought about it, but wasn't sure it was a good idea...hindsight again.

Hehe, I meant the fact that it already almost reached $13...I sold my FAS for $12.95, so I know it almost hit it. Actually I just rechecked it closed @ $13.01 on a 2 minute chart @ 7:14 AM, not sure if that was the highest trade in that two minutes or not, but I don't have candlestick charts...

So what do you guys think about FAS reaching nearly $13 this week?

In case it wasn't clear, I meant FAZ climbing/Market Falling.

Ya I stayed out completely as well after I dumped FAS. If I had had a day trade, I would have bought onto FAZ when it was clear it was falling, but I didn't want to risk an overight with it. I think FAS will open higher than today's close, but not going to gamble on it. I am going to wait for...

Man I wish I didn't blow my day trade yesterday, I would have loved to hop onboard FAZ this morning, but I didn't want to get caught out and loose everything I gained because of no available daytrades left.

With all due respect, what is your deal? The folks who contribute to this thread are just here to have a good time, share our misery in failure and joys in success with financials. That's all. What is the purpose for trying to ruining it?

Well I sold my FAS for 12.95 this morning in the AH market. "Wahoo!" is all I can think of to say.

Bank Stocks and ETFs Encompass 41% Of Today's NYSE Volume Themis Trading's Joe Saluzzi notes that Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE: JPM) and the financial ETFs (NYSE: FAZ), (NYSE: FAS), (NYSE: XLF) represented 41% of the NYSE composite...

Sure, RIFIN is up approximately 7%....The market is in a strong bull rally, and the banks are hot. I predict that tomorrow RIFIN with either be up, down or sideways. I am leaning toward up though.

less than an hour left to see.

I am just wondering, does anyone here practice layering in their trading?

Well I never intend to, I prefer to use them as exit hatches instead of like day trades. I have an out if I have to bail on a position I made. If I look at it that way, it's a little safer IMO. I'd like to work more on swing trading, and I guess MOST of my trades are swing trades, the day...

No, real money.

I am long on FAS at 10.32...I actually hopped on and hopped back off earlier in the day when it dove. I got on long at 10.40, out at 10.22, back in long at 10.31. Ya I lost some shares with that dumabass maneouver, but I got quite concerned the end of the world was coming when it dove so...

So what do you think FAS is going to do? It looks like it wants to climb, the market drop has slowed dramatically, maybe its turning around or at least turning sideways. I don't know, but what do you think is going to happen?

too early to tell

Why is that?

The dow is still dropping but FAS is climbing, watch out if the market turns around.

Looks like I should have held out a little longer. Missed out on an additional $0.25 or so this morning. Locked in profits are always better than losses :)