na faz at these levels... i dunno man..

If FAS opens below 11, I am getting in, anything higher I have to sit

the pressure point is 12 right now, let's see if AAPL's earning beat is enough to light the candle

great day, 64.8 FAZ out at 68, then 7.8 FAS out at 9.5

I wet my pants twice :D

What you guys think about Citigroup? It was 8 last month, and now its back to 3.11, is it good time to buy again? Thanks

There is a reason why C and BAC is taking a beating

The headline on finance.yahoo.com said something about BAC already. C is going to be broken down, and put down like a sick dog.

imo anyways.

i dont know about C, but for BaC aslong as they dont get nationalized, they may survive

who knows, anything can happen

BAC basically fucked themselves over from the Meril deal

BaC basically paid to take over 15 Billions of debt

FAS 8 - 8.5
FAS 8.7-9.12
FAZ 59 - stop @ 61

GOD this is better than sex

Nice trade wouwou.
How many shares do you buy?
I thought I got f'ed when I bought fas EOD yesterday at 8.38 and opened today at 7.40. Good thing I made my money back and then some.:)

dont ever hold 3x eft over night unless you are absolutely have to, in my opinion downed 15%+.

These etfs are so fucked, but I am getting better at reading them, especially FAS

Yes I only bought EOD because I was thinking we would gap up since we had a pretty strong recovery throughout the day.
Didn't know GE was going to shit the bed right before the market opened.
I usually never hold overnight...dunno what I was thinking lol.
I've been doing pretty good trading fas and faz so far.
Not putting too much money in though.
Just 30% each time...I find that I make better decisions when there is less money involved. Probably because of the risk and emotion.

Exactly what I am doing too :thumbsup:

well, maybe 30% give or take, not exactly 30

40 billion CAD stimulus package presented by conservatives
its good to atleast be doing something than nothing at all i guess, lol
BoC analysts said that we dont really need the package because well get out of the recession in Q4 2009(rofl), better safe than sorry tho :)

fas here we come..
i know wfc is reporting tomorrow..jobless thursday GDP friday
but those host on cnbc r going off about this whole bad bank thing..
fas ah jumped about 10% hopefully we will get a nice bump tomorrow... n the rest of the week ha...!!
good luck all to year of the bull!!

I thought this is why FAS jumped?

http://finance.yahoo.com/news/A-Bad-...-14172601.html

ya thats what i meant...

so hows market treating u?

^^ what's your average position on FAS? I bought some today at 9.10. Let's hope we can rally more on WFC earnings!

^^my avg is 12 n change =/
but i got a shit load of shares more den 5k but less then 10k lol
got in too early was wut fukd me..hopefully we get a nice run up the next few days..

so scooby, wut does TA say about financials?

I am sitting on the side line the past 2 days, basically from Chinese new year related alcohol poisoning and I am a firm believer that if your head is humming, you should not buy anything :_

I think all TAs will tell you that financials is in the midst of a rebound from oversold, how long it will last depends on Obama, which is bad imo.

^^ yup totally agreed with not trading under the influence of booze...
not being able to make good judgement is wut kills us in the market with all these volitilaty

*sigh*

^If your average cost is 12, you might want to unload some today.

This rally is based on a hope for "one shot cure", which is not going to happen.

i probably willl
it feels like it might run out of gas.. might just wait till end of day to see how this chart looks like first...

haha post 1500!!!!!!!!