Fas/faz - 5/18

Quote from Eko_Trader:

smart money may have a point, the futures are currently doing synchronized diving
More...

The housing start numbers came out lower than expected and today is a slow news day. That gives traders all day to think about profit taking.
 
Alright I may close out my long FAS positions this morning and buy into FAZ... we'll see what happens after a couple of minutes of market opening.
 
Yep just sold all FAS..... better to take a smaller hit than a bigger hit. I took everyone's advice and sold before I incurred bigger losses.

Considering FAZ....
 
Quote from scot.mcpherson:

I am long on FAS....I would have bought it sub $10, but I was away from my desk when that happened the last time this morning.
More...

I think i'd buy FAS long if it drops to yesterday's open price... but for now, nothing seems to be happening so I'll stay in cash.
 
Quote from scot.mcpherson:

I am long on FAS....I would have bought it sub $10, but I was away from my desk when that happened the last time this morning.
More...

You may make money on it. Sellers just aren't coming in right now.
 
I just put in a 15 cent trailing stop, I am getting out at the top of this rise whatever it is....yes I am burning a day trade, but this is a quick gain, and I can't ignore it.
 
Quote from scot.mcpherson:

I just put in a 15 cent trailing stop, I am getting out at the top of this rise whatever it is....yes I am burning a day trade, but this is a quick gain, and I can't ignore it.
More...

Ah well, I could have sold for 10.70, but hesitated because I didn't want to loose potential profits. Looks ike that was the top of this rize. I got stopped out at 10.55 for +2.22%
 
You must log in or register to reply here.
Back
Top