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raj...the stock market is known as "the biggest game in town"...remember..it is akin to a game of chess..you must always be planning for the next few moves ..sometimes, days in advance...as for me..I have been playing the 2 step forward, 3 step back game. i.e. the market has been going up 20-30 points for 3 or 4 days and then "BAMB"...down 200..then repeat. with that in mind...I have been buying FAZ in lots of 200 shares every day about 3.5-4 hours into the trading day. Started Friday, a week and half ago...but hey...thats just me ...I must be a total moron...but you gotta luv luv luv vegas...im up to 1400 shares now and that is more than enough for now... I think I will just wait and see if it is the right thing to do...
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Morph-You always have really good advice and insight! I always appreciate your words. I bailed on my F yesterday at the best price I could and yet still lost a little. My feeling with the market right now is real close to what your thinking Morph. Everything is looking like it should break up but they just aren't. And now they're getting to be overbought. And on top of that, I think we're over due for a big down day or possibly a few in a row. I think the economy is still on very shaky ground and just about anything could send the market into a big down turn. Where is your average on FAZ Morph??
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TJ...imn feeling that zacly...except for SIRI..good news is coming down the road...on the FAZ ...im in the red but averaged in at about 13.16..not too bad
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quote:Originally posted by Morpheus: TJ...imn feeling that zacly...except for SIRI..good news is coming down the road...on the FAZ ...im in the red but averaged in at about 13.16..not too bad
FAZ does look to be shaping up. I expect history to repeat itself also and still see a pretty decent dip for September. I also like my support lines for the dow holding above my 9700 mark. Thought we might even start the dip today but the 200ma is looking even stronger so we'll see. Still some decent over sold stocks out there imo. But then decent isn’t what it used to be lol.
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thanks for morpheus for your point of view. I agree with TJ - you always have the best vision for where to be and where not to be in market at what times. FAZ consolidation looks like a good move really.
I made about 3% on the OREX run....and no i did not try to chase it......other than that, not much activity. I am thinking about getting in on FAZ tomorrow morning...
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Morph-I'm curious, for my own education and understanding, what are you basing your plan on for FAZ?? Are you basing it on a certain % and then sell, or basing it more on the charts?? A little of both, or maybe just a big up day for it? I'm mostly basing it on the charts and the fact that lots of everything is topping out and the market, as well as lots of other things, is quite sideways, which tells me, when it floats like this it has more of a tendancy to drop. Anyone else have any input?? Send it my way.
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as you know...faz is inverse financial..they have been sideways to down lately...but to answer you Q..im just.. you might say "playing the odds"..due to the fact that we have had a nice bunch of up days as of late..so I'm trying to use a little logic (my first mistake!!) seems that we are ready for a pullback of sorts..also the news on the European banks, poor employment, weak housing, Jupiter is in alignment with Mars, my black cat has been missing for more than 2 days and the kitchen floor was too cold morning..all good sound reasons for FAZ to move up from here...
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BO is on the tube and most of the time the market reverse to the down side, hmmmmmm?...I just added 200 FAZ @ 12.72 to my ****stack...
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I've always got this in the back of my mind Morph. I don't think we're out of the woods by a long shot. "They" keep throwing out enough fake news to keep things up but eventually the reality comes fourth and could easily send things right back down the tubes. Unemployment? housing?? the auto market?? it's all there, waiting to fall apart. Besides that, China can't support us forever.
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TC was a great find. I believe it was AJGrano back in early June asked us our opinion on TC and CHK. I had a watchful eye on TC since then. I really think this one will double even from this level.
Great find AJ, if you're still out there!
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Picked up FAZ this morning at 12.50. I will probably keep a very tight stop on this one. ETF's have kicked my ass in the past. I have not traded them for a while. However, I really think we are due for some market correction here.
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Just talked to Bill(R1) on Facebook. he's doing good, says Hi. he's building a pretty good size coi-fish pond in his back yard. Looks pretty sweet.
I tend to still feel that we are in for some market correction too. Still holding FAZ.
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SJU - i also took profit on TC but not as big as yours....remember i was looking for 10% gain before year end and you recommended TC - well i sold it early when i reached that 10% gain goal....
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What's going on with the market right now?? Things are jumping all over the place. did some news come out that I didn't hear? or miss?
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Fed is going to do everything and anything to keep things going it seems.....we keep printing money like there is no tomorrow....this is not good in Long term for sure.
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