Woah $235,600 play ? You must have a fatttt account

Lol not that fat.

Try DIREXION DAILY FINANCIAL BEAR 3X SHARES FAZ:NYSE ARCA

Currently at 22.96/share.

AME_VIP, how does Direxion collect it's management fee for this fund??

left over 6k on the table fuark

I honestly don't know. I normally buy and sell FAZ the same way I would any other share and just pay commission to Questrade.

strykn do you know?

Direxion Shares | Leveraged ETF | daily 3x Leverage ETFs | Bull ETF | Bear ETF

ive never heard of any management fee... jason 200k in an etf ur nuts lol

http://www.direxionshares.com/pdfs/FASFAZ_FS.pdf

ETF Snapshot - MSN Money

From what I can tell the .75% management fee would be deducted from the equity in the fund or dividends paid through holdings in the fund. Though you may not personally "see" the management fee being collected, it is in fact coming out of your pocket.


For the record, I do not have 235k invested in FAZ lol

10,000 shares at $23.56/share ? :s

Or are you playing options, in that case 100 contracts?

Hahaha holy fuck...

Yeah so my math skills are right up there with my ability to pick winners lol.

Let's revise this, 1000 shares @ 23.56$.

I guess I'm not used to writing anything less then tens of thousands of shares cause all I usually buy is penny garbage.

hahahahaha you did pick CLL pretty well at 30/40 cents didn't you?

Even the broken clock is right twice a day lol.

Pathetic volume today...

Broke one of my rules, back into a trade, revenge trade. i will kill this one or get burned hard

Who's eyeing Prophecy Coal (PCY)? It's been taking a hammering lately. Good value?

I've had PCY on my watch list for a long time. Not a ton of movement on it. Oh wow down 11% today. Crazy.

ur FAZ is gonna do good.. JPM fucked up big time LOL

Drinks on Jason!!! Especially with that 235G position on FAZ :troll: :fullofwin:

It's up around 24.40ish in after hours

Let's hope Jason didn't sell! Other US banks getting dragged down as well in after hours trading.

JP article from CNBC:

News Headlines

Certainly did not sell, just caught the news about JPM now as i have been on a plane the last few hours... Yes indeed should be a good day for FAZ tomorrow, 2 billion is a big hit to JPM, if all the other major banksters pulled the same shit I will be buying everyone drinks lol...

COMMON BENNY!!! QE3!!!!!

Stay out of Mongolia for the time being. Wait until they provide more guidance to their mining laws and foreign ownership. Look at Southgobi as PCY is trying to mimic their business model. Southgobi is a coal producer and was recently sold to China. Govt of Mongolia stepped in and killed the plans. Southgobi's majority owner is Ivanhoe Mines. If Ivanhoe Mines can't push it through, John Lee and PCY stand zero chance.

caveat - I'm a pcy shareholder.

BBC News - India factory output dips 3.5% as manufacturing shrinks
China industrial output lowest in nearly three years | Reuters

very bearish out there, good thing i went net short! :D

Hope he sold it right away. Now at 23.10 :troll:

Mehhh even if I caught it at the high it would have only been a 840$ profit.. that's not enough for my greedy nature...

I think those retards in Europe are far from done dragging the rest of the world down... just need one more EU member to shit the bed on bonds and FAZ will pay out nicely lol

guess market doesnt give a fuck about jpm.. :fulloffuck: i bet you there not the only bank that dun goofed

Wait for the close

There was definitely insider/leak, there was 13000+ volume in the weekly 41 puts for JPM yesterday.