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One possible issue to note for us FAZ holders is the DOW trend. If you look at a one year chart of the DOW and the current upward trend that started in June. Looking at the trend lines we can possibly see 11000 before a significant pullback. Who knows for sure, but that is what the trend lines indicate. Just something I have been watching.
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Today (and every day lately)the market is a Royal Tard..all news out today is considered "bad"..not meeting estimates ect. on all accords..so we go up 200...F F F F F F oh well..SIRI is up too..im just sleight in the red on my FAZ trade..gonna pick up 200 more shares at todays close (or there abouts)
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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Yeah well, So what's gonna happen today??? LCC jumped way up on news that they are buying another small airline out. YRCW went way up in aftermarket on Friday....probably going to float right back down untill their news actually goes through. Not sure where NFLX is going, they sure are high though.
Posts: 1503 | From: washington | Registered: Jun 2009
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at the close today...I jumped off the Jet plane and onto the rocket ship....basicly bailed on FAZ and rolled all into DRV..FAZ is a 2X and DRV is a 3X inverse....the difference is ...50% the move..when FAZ moves 6-7%....DRV will do the same only 10-12%...it takes less upfront bucks to make the same cash..or the equal amount of bucks input upfront will make you richer faster....he he he... Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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kachingo....im all out DRV ...1500 shares at 24.65...thats a nice 1600+ profit thank you..
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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I bailed out of FAZ late yesterday also. I'm not convinced that were going to see that big drop we were hoping for.....not yet anyway
Posts: 1503 | From: washington | Registered: Jun 2009
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thats it for today...im heading out to the country club...woodland hills was 113 yesterday..and saposed to repeat today...its looking like only dow up from here...im headed to Saticoy C.C. where its only going to be about 90 (its close to the beach) laters...
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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Bought some DRN also at $46 sold at $47.13, made a quick $240. I'll take the win.
Posts: 1503 | From: washington | Registered: Jun 2009
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nice entry point and exit as well TJ. I sold my FAZ this am at 13.50 as well for just 90 dollar profit overnight......
Posts: 544 | Registered: Aug 2008
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Still a good % Raj, take it and run! I think I'm glad I got what I did out of DRN. That baby can move. Kinda scary actually. Gotta really have a good feel of the market and where it's going to stay in it for any length of time.
Posts: 1503 | From: washington | Registered: Jun 2009
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now I ask you...my trading buds...am I fn good? Oooorrrrrrr...am I just fn lucky??? WOW what a great today for me today...and justthink....i did it with one hand tied behind my back (he he)..did I call that reversal almost to the tee or what???? speaking of tee....what a fantastic day on the links..I shot my usual 71...that was easy...stock trading is hard...agree??
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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quote:Originally posted by Morpheus: now I ask you...my trading buds...am I fn good? Oooorrrrrrr...am I just fn lucky??? WOW what a great today for me today...and justthink....i did it with one hand tied behind my back (he he)..did I call that reversal almost to the tee or what???? speaking of tee....what a fantastic day on the links..I shot my usual 71...that was easy...stock trading is hard...agree??
lmao, and agree!
WTG Morph
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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ya know....in many ways..golf and stocks are very much alike...the more I practice... the luckier I get...!!!!
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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haha....I'd have to agree also Morph. So what's gonna happen today OH MIGHTY ONE?? Are we gonna see that reversal again today? I'm kinda thinking not...?
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by Happy Valley: SIMG...Getting a little pop today after consolidating last couple weeks...Watch for $4.50 break today or next week...jmo
$4.76...New 52wk highs here...
SIMG $4.98...Another 52wk high...Could get some legs on $5.00 break...JMO DYODD...
Posts: 2383 | Registered: Apr 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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I've been watching NFLX for a while now, and they're just floating in the range of $160-$165 or so. Everything I'm seeing is that they're wayyyy overbought and gonna come down.
Posts: 1503 | From: washington | Registered: Jun 2009
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Big reversal going on. I'm guessing a lot of profit taking as it is the last day of the month...? Could see it go red at the end of the day.
Posts: 1503 | From: washington | Registered: Jun 2009
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I mentioned the other day we may hit near 11000 before a true reversal. We hit very close to 11000 this morning. This could be reversal time.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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