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03-24-2009, 08:42 AM
|  | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| |  Re: FAS --- 3X Financial Bull
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03-24-2009, 05:55 PM
|  | Super Moderator | | Join Date: Jun 2007 Location: Alabama
Posts: 4,430
| | Re: FAS --- 3X Financial Bull
Quote:
Originally Posted by thegreatgate  | I have had a few nightmares about them...lol
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03-30-2009, 03:01 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
Dow futures down 152.......FAS will probably open around $5.75. Let's just pray for a reversal. The week I got stuck in FAS (mid-February) was the 4-day week with the market closed on Monday for President's Day. I can clearly remember each close of that week from hell:
Friday, February 13th: FAS closes at $7.92
Monday: Markets closed (President's Day)
Tuesday: FAS closes at $6
Wednesday: $5.84
Thursday: $5.03
Friday $4.90 <-----with a day low of $3.92 (this was the Friday when nationalization rumors got out of control and finally the White House put out a statement that sent the financials soaring)
The very next week FAS went from the $3.92 temporary low to the $6.50s before dropping all the way down to a pathetic $2.32 a share. From the $2.32/share bottom FAS recently climbed to as high as $7.80 (the week before last).
The point is FAS can easily be cut in a half in 1 crummy week or double in a strong week. FAS has more than tripled in recent weeks and at the same time FAZ has fallen from a $115 high to under $20.
Good luck to us in FAS, we will need it!
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04-01-2009, 08:24 PM
|  | OTCBB Stock | | Join Date: Jul 2007 Location: South Carolina
Posts: 149
| | Re: FAS --- 3X Financial Bull
This badboy is going to rock tomorrow closed 6.19 ah....
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04-02-2009, 11:39 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
Quote:
Originally Posted by thegreatgate March 19th
First 15 minutes of trading: FAS at $7.80
Second 15 minutes of trading got down to $6.65
EDIT: third 15 minutes of trading down to $6.40
EDIT: fourth 15 minutes of trading: $6.92 | This is why I don't like FAS. On March 19th FAS peaked at $7.80 for the day high and highest price since early February. Easier to explain with dates: Quote: March 19th
FAS high of day: $7.80
Dow Jones close: 7,400.80
Today, April 2nd
FAS current PPS: $6.55
Current Dow Jones value: 8,020 points
| All it takes is one down day to really negatively affect FAS. This is not pretty: March 19th
$7.80/7,400 on the Dow April 2nd
$6.55/8,020 on the Dow.
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04-02-2009, 07:11 PM
|  | Super Moderator | | Join Date: Nov 2007 Location: The Bean
Posts: 1,031
| | Re: FAS --- 3X Financial Bull
I pulled out of this one today for a small profit. I don't like it much either GG. Your explanation really made me think, so thanks for that. The points you made and the fact that I couldnt decide whether this would go over 7$ tomorrow or under 6$ gave me reason to sell. Too much risk and volatility, even for a guy with the S/N Volatile22 
__________________  "Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." -Donald Trump “We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.” -Arnold Schwarzenegger |
04-14-2009, 07:09 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
Quote:
Originally Posted by thegreatgate | Looks like my dream is coming to fruition. All the financials seem to be up pre-market and it appears we'll have another 5% day gain minimum. Anyone in this still?
Current Bid: $9.88
Current Ask: $9.90
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04-14-2009, 07:32 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
I spoke kinda soon. FAS is down a couple pennies and most banks are down aside from BAC and C. But it is very early to predict a direction.
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04-14-2009, 10:05 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
I suppose I got "emotional" and sold FAS at $8.89, near the low of the day
Current price $9.53/share and headed up, up, and away....
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04-14-2009, 12:56 PM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 983
| | Re: FAS --- 3X Financial Bull
Looks like my sell was a good move so far.
Current PPS: $8.46
I definitely won't be in a hurry to jump back in and can say that I learned my lesson (bought at $8 on February 12th and it bottomed at $2.32 by March 6th  )
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