Hey just for the record. I started this thread as a place for fun discussion about the Market, FAS/FAZ and the russel and other financial derivitives. I am hoping to learn from participating in this thread, not tell people what to do...
Just to keep things straight and for disclosure sake, I am net negative on my cost basis (unless you figure in the commission rebate I have confirmed I am receiving, then I am barely net positive). I do well at times and really poorly at times.
When I say what I think is going to happen, it is just that, it's what I think, it's for the sake of argument and discussion and being able to say what I think and record it and have it validated or proven wrong by the market action and then discussed, so please don't anyway take anything I say as intended as advice to anyone. I am VERY newb, and if it weren't for the fact that I was getting a rebate on my first month's trading, I would be net negative.
Haroki, I forgot to mention the rebate in my PM to you, so yes I am slightly by $25 net positive. Yep tha'ts right, $25 dollars worth of profit for approximate 1 month's worth of trading. So just keep that in mind before you decide to follow my advice, OR before you decide to get pissed of that me a newb is giving advice and/or stroking my ego. I am here to have fun and to learn and hopefully make some freinds (and hopefully some investors/lenders) along the way.
That's all I have to say about that....See you in the morning.