Fas/faz - 5/4

Smart Money · May 4, 2009

Quote from scot.mcpherson:

if it makes you feel any better I went long on FAZ at 6.31...I feel like I shot myself in the foot also, however this is quite possibly a home run position so...I took it. Watch the AH market to see what's going to happen

Ah Grasshopper, you made the right choice. Regardless what happens in Asia, FAZ is in vogue and down is the new up. I'm out of my T+3 day thaw and I saw something in the graph that looks pretty darn good.

SM

scot.mcpherson · May 5, 2009

Quote from Smart Money:

I'm out of my T+3 day thaw and I saw something in the graph that looks pretty darn good.

SM

Get a margin account and your T+3 day troubles will go away

FAZ is currently 6.58 in the AH market this morning.

Haroki · May 5, 2009

Jeeze, some nice whipsaws here this morning...

Eko_Trader · May 5, 2009

Quote from Haroki:

Jeeze, some nice whipsaws here this morning...

I'm afraid that's the kind of day it's going to be today.

hairdresser · May 5, 2009

Quote from scot.mcpherson:

Get a margin account and your T+3 day troubles will go away

FAZ is currently 6.58 in the AH market this morning.

Home Run! up a dime!

scot.mcpherson · May 5, 2009

So who is still holding FAZ?

hairdresser · May 5, 2009

I banked it.

.10 is huge, it's 10x a penny.

Eko_Trader · May 5, 2009

Quote from scot.mcpherson:

So who is still holding FAZ?

Not me, but I'm still looking into it.

scot.mcpherson · May 5, 2009

I am still holding at 6.31 from yesterday.

Haroki · May 5, 2009

Quote from scot.mcpherson:

So who is still holding FAZ?

I bought FAS right after the open, and sold it 10 minutes later for 5%

Then I waited a bit for the market to settle down, then bought FAZ @ 6.46. I'd like to see it go through the high right here.

VIX and TRIN spiking up, so that's good.