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TRDood 02-12-2009 09:16 PM

what's NAV?

sorry to sound noob-ish here

i don't want to buy it and hold onto it to let's say, 1 month and BOOM! FAS disappears from the market and im SOL

flawless 02-13-2009 12:06 AM

lol you don't want to hold onto fas/faz overnight. Read the website too for more info.

1.7El_guy 02-13-2009 07:56 AM

Quote:

Originally Posted by TRDood (Post 6277720)
questions for you guys who buys FAS and FAZ

is it just like any other stock that i could place an order for? and do these stocks have an expiry date?

it seems like you guys are making tons of money from these things!


Someone has to be losing money in order for us to make money...i dont know but it takes expert like wouwou to actually make lots from these. The news are deceiving at times. Fas and Faz moves FAST.

mx100 02-13-2009 09:09 AM

anyone shorting FAS today?
I got in @ 8 yesterday and hoping for a jump today so I can sell it off before the weekend.

any chance for a rally before today's end?

wouwou 02-13-2009 09:23 AM

^Historical low is 7.2 I believe, without any significant bad new FAS cant go too low under 8 even with time erosion.

I am by no means an expert on FAS, and God knows I burn my fair share of gold on this, but recently the market is treating me well.

and FUCK SKF, that blood sucker :D:D

flawless 02-13-2009 09:44 AM

rally FAS RALLY!!!

mx100 02-13-2009 09:51 AM

here it go!

GO FAS GO!

all4one4u 02-13-2009 09:56 AM

rally? based on???

wouwou 02-13-2009 11:29 AM

Quote:

Originally Posted by mx100 (Post 6279016)
here it go!

GO FAS GO!

WAT?

all4one4u 02-13-2009 11:42 AM

Quote:

Originally Posted by flawless (Post 6279005)
rally FAS RALLY!!!

Am I reading the chart upside down..

TRDood 02-13-2009 08:52 PM

Quote:

Originally Posted by wouwou (Post 6278967)
^Historical low is 7.2 I believe, without any significant bad new FAS cant go too low under 8 even with time erosion.

I am by no means an expert on FAS, and God knows I burn my fair share of gold on this, but recently the market is treating me well.

and FUCK SKF, that blood sucker :D:D

how come you think that FAS cannot go below $8?
if DOW goes down ~250 for two straight days, FAS could go down to $7 or $6.50 easy right?

iono.. lol i thought FAS moves with the market, well mainly the financial sector, right?

wouwou 02-13-2009 10:55 PM

Quote:

Originally Posted by TRDood (Post 6279872)
how come you think that FAS cannot go below $8?
if DOW goes down ~250 for two straight days, FAS could go down to $7 or $6.50 easy right?

iono.. lol i thought FAS moves with the market, well mainly the financial sector, right?

Oh it can if that happens, but what are the chances though?

;)

trip 02-14-2009 11:55 PM

anybody here do commodidities?
i purchased 1oz maple leaf coins @ $939 back in november. would like some input and thoughts now that the $930 barrier is broken

TRDood 02-17-2009 07:28 AM

right......... it only took 1 day of -250 to make FAS down to 6.31
let's not see this tomorrow.. or REBOUND TODAY PLEASE

wouwou 02-17-2009 08:43 AM

holy crap I am glad I took profit instead of holding over a 3day long weekend of FAS

that shti came out of no where and puff it goes.

And ABX.TO is still trustworthy :D

all4one4u 02-17-2009 09:30 AM

oh man.. i am smelling blood
but then this could also mean opportunities for others.

Mananetwork 02-17-2009 10:45 AM

Unfucking believable!

GM, Chrysler Push for More U.S. Aid After Mistakes
http://www.bloomberg.com/apps/news?p...fh8&refer=news

TRDood 02-17-2009 09:37 PM

Quote:

Originally Posted by wouwou (Post 6285348)
holy crap I am glad I took profit instead of holding over a 3day long weekend of FAS

that shti came out of no where and puff it goes.

And ABX.TO is still trustworthy :D

first time buying FAS.. and i got murdered 25%..
like WTF

the rest of the week wouldn't be good either.. CPI and production numbers coming out.... :(

Carl Johnson 02-17-2009 10:33 PM

pretty soon we really are gonna be in uncharted water lol

wouwou 02-18-2009 07:50 AM

Quote:

Originally Posted by TRDood (Post 6286791)
first time buying FAS.. and i got murdered 25%..
like WTF

the rest of the week wouldn't be good either.. CPI and production numbers coming out.... :(

ah the first time

I lost more, 10% :D

McDick 02-18-2009 11:51 AM

Quote:

Originally Posted by Mananetwork (Post 6285508)
Unfucking believable!

GM, Chrysler Push for More U.S. Aid After Mistakes
http://www.bloomberg.com/apps/news?p...fh8&refer=news

it's pretty much EXPECTED when US government gave them the first bailout. They will keep on asking for MORE money since the government took the bait of losing hundreds of thousand of jobs in car manufacturing industry.

1.7El_guy 02-18-2009 03:21 PM

Quote:

Originally Posted by TRDood (Post 6286791)
first time buying FAS.. and i got murdered 25%..
like WTF

the rest of the week wouldn't be good either.. CPI and production numbers coming out.... :(

i lost around 25% as well...it jumps too much and always hit my quick stop loss...im staying away for awhile.

wouwou 02-18-2009 03:48 PM

I thought you guys got in on Tuesday on FAS?

1.7El_guy 02-18-2009 04:40 PM

i got in at around 8 and held it for the weekend...then sold it midday tuesday.

i feel a rally coming but at the same time im thinking, on what news? i think im just hoping...Im still too new at trading.

mx100 02-18-2009 07:42 PM

Good thing I didn't hold on to FAS for the 3-day weekend.

I'm just going to watch for a while now.


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