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I sold my FAS position from yesterday from 9.80 buy sold this morning at 10.22, I think it will go up, but I want to see what the opening bell brings. I may hop back on during one of the wiptails down and try to pick up a few more shares. I still think this is going to climb through to the...

Hey just for the record. I started this thread as a place for fun discussion about the Market, FAS/FAZ and the russel and other financial derivitives. I am hoping to learn from participating in this thread, not tell people what to do... Just to keep things straight and for disclosure sake, I...

well two days in a row above 8400 not bad for the market. I think it bodes well for the market continuing upwards. The daily charts show today as closing just about as down as it has been getting for the previous few weeks' down days. I think tomorrow will be up, but as always we'll see...

Wow, look at that action, I thought it was going to go clear through PC, but the market changed its mind last minute.

Thanks. Now, whose going to give me their money so i can PDT for real? :) I am almost $25k short of the $25k I need, so I don't have much farther to go. All interested investors go ahead and post here how much you are going to pledge to giving this family man a ride out of poverty town.

I don't know, but I am betting mostly sideways. I think the russell will go up, and get closer to PC but...we'll see.

looks like the dow likes being at or near 8400 today

All I said was the dow broke 8400 again the other way....I deleted it because I thought it was a useless post.

This is what I think is happening. Monday we were supposed to have had the Stress Test results, but they were delayed. The delay was good news BECAUSE the bad news (the stress test announcement) was specifically not reported (not that the results are bad news, but ANY government announcement...

Port Out, Starboard Home. Posh with a capital P ... O.S.H....Possssh!!! Yes it is japanese and I like it!!!

Ya I held it overnight from 6.31 less than a minute before the closing bell. The market still looks like its creeping closer to previous close.

Plus I am making my "prediction" based on the daily charts. Yes it could be a home run day, but the recent average market down day on the daily charts have a similar angle to what we have right now. Same thing with the RIFIN and same thing with FAS and same thing with FAZ, today's daily charts...

You might be right, I can only share what I think. However it appears the whole market has switched direction again supporting what I said, so as always the only thing I can really say for sure is, "we'll see".

Sorry, I hate McDonalds and fast food in general, I think I might treat myself to a massuman dinner (that's a thai curry dish)perhaps, washed down with some nice sake.

ok I got out at 6.60....I was looking at the charts and yes the potential to climb is there, but there is also great potential to stagnate and decay, the 2 minute chart of Russell 1000 Fin has only just started for the day yes, but the slope on the daily chart for today mimics the down slopes...

I am at a loss also, I am in a good profit position right now so not sure what you mean. At this very second I am looking at 32 cents per share profit.

What was your round trip commision on that though? At this price, I needed to break .08 to break even.

I am still holding at 6.31 from yesterday.

So who is still holding FAZ?

Get a margin account and your T+3 day troubles will go away :) FAZ is currently 6.58 in the AH market this morning.