Fas/faz - 5/18
- Thread starter scot.mcpherson
- Start date
I am still looking at FAS for a good entry here in the AH market.
If your broker has direct access I don't see why not, however it's entirely up to your broker. Call them, the number is 800-454-9272, 800-669-3900 or 402-970-5805
If the financials are due for a bad day, there should be plenty of low risk opportunities to enter today.
The way things are wild and FAZ scares me. It "looks" like it's finally found a baseline you can count on for at least the short term, so it's less scary. I need to starting thinking about FAZ again. When the Market was gapping down consistently, even on during bull trends, I used to do overnight holds.
I guess FAZ is starting to behave more like it should in the longer term. It's been baselined since april may 11th where it appears it's not longer losing value just for fun.
Why do you think Financials are in for a bad day today?
Considering the channel we are in, unless there is a serious problem with the market, we are at a low risk value right now.
I am in FAS at 8.67, and if it bombs I'll just hold it until it comes back later today or tomorrow or monday or whenever. I can't trade so many times in a day anyway.
ok I put in a trailing stop at 30 cents, set roughly at break-even. because I have a meeting ot go to.
I got stopped out earlier at approx. +2% while I was in my meeting. Too bad, because it looks like it took flight again fora little while.