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05-09-2012, 11:30 AM
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#7426 | | My homepage has been set to RS
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Originally Posted by jasonturbo  FAZ is what I should have bought yesterday.
Picked up 10k shares @ 23.56
At least I'm hedged now... Euro fucks. | Woah $235,600 play ? You must have a fatttt account
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05-09-2012, 11:55 AM
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#7427 | | I contribute to threads in the offtopic forum
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| Quote:
Originally Posted by shawnly1000 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??
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-09-2012, 12:09 PM
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#7428 | | I *heart* Revscene.net very Muchie
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left over 6k on the table fuark
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05-09-2012, 07:13 PM
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#7430 | | I *heart* Revscene.net very Muchie
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ive never heard of any management fee... jason 200k in an etf ur nuts lol
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05-09-2012, 07:33 PM
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#7431 | | I contribute to threads in the offtopic forum
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Originally Posted by strykn ive never heard of any management fee... jason 200k in an etf ur nuts lol | Quote:
**Rafferty has contractually agreed to waive all or a portion of it’s fees and/or reimburse the fund for expenses
through April 1, 2013, to the extent that the funds net annual operating expenses exceed 0.95%.
| http://www.direxionshares.com/pdfs/FASFAZ_FS.pdf Quote:
FEES AND EXPENSES . Expense Ratio 0.95%
Gross Expense Ratio 0.98%
Net Expense Ratio 0.95%
Management Fee 0.75%
| 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
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-09-2012, 07:49 PM
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#7432 | | My homepage has been set to RS
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| Quote:
Originally Posted by jasonturbo 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 | Quote:
Originally Posted by jasonturbo FAZ is what I should have bought yesterday.
Picked up 10k shares @ 23.56
At least I'm hedged now... Euro fucks. | 10,000 shares at $23.56/share ? :s
Or are you playing options, in that case 100 contracts?
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05-09-2012, 07:56 PM
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#7433 | | I contribute to threads in the offtopic forum
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Originally Posted by shawnly1000 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.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-09-2012, 11:12 PM
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#7434 | | I contribute to threads in the offtopic forum
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hahahahaha you did pick CLL pretty well at 30/40 cents didn't you?
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05-10-2012, 05:52 AM
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#7435 | | I contribute to threads in the offtopic forum
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Originally Posted by highfive hahahahaha you did pick CLL pretty well at 30/40 cents didn't you? | Even the broken clock is right twice a day lol.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-10-2012, 09:09 AM
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#7436 | | I contribute to threads in the offtopic forum
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Pathetic volume today...
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-10-2012, 09:22 AM
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#7437 | | I *heart* Revscene.net very Muchie
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Broke one of my rules, back into a trade, revenge trade. i will kill this one or get burned hard
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05-10-2012, 09:55 AM
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#7438 | | Need my Daily Fix of RS
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Who's eyeing Prophecy Coal (PCY)? It's been taking a hammering lately. Good value?
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05-10-2012, 11:23 AM
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#7439 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
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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.
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05-10-2012, 01:55 PM
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#7440 | | I *heart* Revscene.net very Muchie
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ur FAZ is gonna do good.. JPM fucked up big time LOL
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05-10-2012, 02:25 PM
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#7441 | | My homepage has been set to RS
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Drinks on Jason!!! Especially with that 235G position on FAZ  
It's up around 24.40ish in after hours
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05-10-2012, 03:55 PM
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#7442 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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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 | |
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05-10-2012, 04:49 PM
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#7443 | | I contribute to threads in the offtopic forum
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Originally Posted by AME_VIP 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!!!!!
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05-10-2012, 10:04 PM
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#7444 | | I don't get it
Join Date: Mar 2008 Location: burnaby
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Originally Posted by DOHCVTEC Who's eyeing Prophecy Coal (PCY)? It's been taking a hammering lately. Good value? | 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.
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05-10-2012, 11:36 PM
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#7445 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
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05-11-2012, 09:28 AM
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#7446 | | Banned (ABWS)
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Originally Posted by shawnly1000 Drinks on Jason!!! Especially with that 235G position on FAZ
It's up around 24.40ish in after hours | Hope he sold it right away. Now at 23.10 | |
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05-11-2012, 10:52 AM
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#7447 | | I contribute to threads in the offtopic forum
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Originally Posted by MisterMu Hope he sold it right away. Now at 23.10 | 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
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-11-2012, 11:27 AM
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#7448 | | I *heart* Revscene.net very Muchie
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guess market doesnt give a fuck about jpm..  i bet you there not the only bank that dun goofed
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05-11-2012, 11:43 AM
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#7449 | | My homepage has been set to RS
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Originally Posted by strykn guess market doesnt give a fuck about jpm.. i bet you there not the only bank that dun goofed | Wait for the close
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05-11-2012, 11:45 AM
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#7450 | | My homepage has been set to RS
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There was definitely insider/leak, there was 13000+ volume in the weekly 41 puts for JPM yesterday.
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