Fas/faz - 5/18

they sure raised it fast, gives confidence to investors.

FAZ is going down and financials will keep going up.



Quote from kurbin:

BoA raised $13 billion in new shares sale. For those of you who held FAS overnight, it may pay off in the morning... renewed confidence ??
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Quote from kurbin:

From people's experiences, do after hours trading and pre-market trading offer a good glimpse of what will happen during the market session?

FAS is down a lot after hours...
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The premarket/afterhours markets do give some indication of where things may be headed. However the volume of the AH markets ought to tell you that there isn't enough to lend that indication much weight.

The AH market right before the opening bell might sink a stock and opening bell brings it up many %, this is because the normal market hours have much higher volume and so often overwhelm what was being indicated early morning.

Use it only as a tool to see what people are thinking before the bell, BUT remember once the bell rings the rules change dramatically.
 
Quote from scot.mcpherson:

Yep, a stain the color of money. $10.31 + 2.96% after commisions.
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Yeah...I got singed going short...dumped it all. TA definitely failed me. I "zoomed out" on my T.A. and decided to buy some FAS.
 
Quote from scot.mcpherson:

FAS is looking cheap again around 9.90. What do you all think?
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Only if you think it's gonna trade in a range.

But it made a LH than yesterday.

This may be the rollover.
 
Quote from salp:

5 minute chart really strange - looks like this is the top
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Maybe you're looking at FAZ by mistake? Hehe, just kidding, yeah it is a bit weird how this morning looks like a perfect repeat of yesterday afternoon.
 
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