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what do you guys think about FAS now after it's popped up rather significantly in the last hour? I am unsure, I have my finger on the trigger, but haven't pulled it yet.

FAS seems fairly stuck below -1 point. EDIT: Ooops, it just peaked its head above -1.

I would really like being able to use my margin on these positions though, as I showed my favorites are FAS and FAZ which is the inverse position. Imagine a 4:1 leverage on a 3x leveraged ETF. Yes I know the losses are just as augmented. Hopefully though one who is trading (margin or not) is...

Well I have to say don't use E*Trade for buying/selling ETFs on margin, they have special margin requiremnets for some ETFS, especially the leveraged ETFs. I happen to like E*Trade for other reasons, but not having margin for use with my favoriate ETFs (FAS,FAZ) is a little disappointing.

As in 1 million? Is that shares or dollars?

So what do you all predict for the week. I predict the russell will be down today by up to 2 full points on the FAS, and then climb through the rest of the week. Haha, I am just trying to be funny with a prediction, but that's what I think will happen.

It's hard to manage a change in the market. Hedge funds on average did less that +1% since march 6th. The market has gained how many percent and the biggest hedge funds have been in cash, or have been until recently, because they didn't know how to handle this market. How do they explain that...

come on guys, its time to lay off...advice cool, flaming not cool, especially when you are way out of line and wrong too

I am + 35% for the week. I am up 2% overall from the beginning of the month though so both happy and depressed.

ya know, I hate to point this out, but people been saying this since november.

Perhaps true, but I wouldn't have gotten painted into a corner...that's all.

Stop executed at 11.66. Made an extra 4% for the week. That's somewhere near 35% for the week. Not too bad. And I am also clear in the black again, I made back all my cost basis that I lost last week. That puts a smile on my face. Now lets see if I can keep it next week, and move a step...

Ok price is currently 11.62, I placed a 15 cent trailing stop. worst case now is a 2.6% gain. If it climbs through to close, I'll cancel that order and get out with the profits.

ok I know I said I was out, but I bought FAS at 11.11 with the appearance of the current up trend. I am in profit zone now, will watch and get out as soon as things go south.

As it approaches $5, people will want to push it above $5 so they can start trading it on margin.

Direxion doesn't actually say that the baseline value is zero, there are assets and derivitives registered and held behind both ETFs. Direxion does however say these ETFs target active traders, not investors. However you are absolutely right about trends. There is a saying, or rather two...

I do mean NOW as you said. I don't know what will happen once the true baseline of the ETFs is descovered. I realize that baseline can change, but at least a neighborhood should be determinable once we are there for while. Once that happens, then I think it will be safe to make trades in either...

And for the record, I am staying out of the market, I should have hopped on for that short ride on FAS this morning, but unless I see another entry point I feel comfortabel about exiting today, I am not going to waste a day trade. I am not holding FAS over the weekend. Even though lately each...

True, but comare FAS and the DOW charts. FAS follows the market trends in the longer term.

Just some thoughts about FAS and FAZ and making bets on them. Notwithstanding that it seems we are in a bull market right now, and have been essentially since begining of the new market between march 6th & 9th and an even stronger bull market since april 17th, it seems tha FAS is a much safer...