johnpaulca
12,036 posts
msg #72361
- Ignore johnpaulca |
3/10/2009 10:01:31 AM
LOL!!!
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TheRumpledOne
6,411 posts
msg #72392
- Ignore TheRumpledOne |
3/10/2009 12:36:44 PM
FAZ down $31 a share... which one of you plungers cleaned up?
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johnpaulca
12,036 posts
msg #72408
- Ignore johnpaulca |
3/10/2009 3:54:46 PM
lots of people will probably lose big money on FAZ, hate being late to the party. I was shorting this for awhile even holding overnight, I sense smart money was selling to dumb money. Last week I was saying FAZ need to be shorted.
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luc1grunt
622 posts
msg #72412
- Ignore luc1grunt |
3/10/2009 5:06:01 PM
long fas from yesterday afternoon as it picked up speed. not bad, closed it today. small loss on fas last week as I was a bit premature. I think it has another run in store tomorrow.
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karennma
8,057 posts
msg #72414
- Ignore karennma |
3/10/2009 6:19:07 PM
FAZ down $31 a share... which one of you plungers cleaned up?
=======================================================================
It's not too late. You can short FAZ down to the LOW 40's.
LOL!
Then you can ride it back up from there!
:>)
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karennma
8,057 posts
msg #72415
- Ignore karennma
modified |
3/10/2009 6:20:42 PM
The real issue is ... how will reimplementation of the UPTICK rule affect this ETF?
And that mark 2 market crap ... whatever THAT is ...
:>)
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karennma
8,057 posts
msg #72416
- Ignore karennma |
3/10/2009 8:10:05 PM
TheRumpledOne
3/10/2009 12:36:44 PM
FAZ down $31 a share... which one of you plungers cleaned up?
======================================================
That's where I plan to go long ... between $25 - $31.oo.
Woo hoo!!
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13th_floor
724 posts
msg #72419
- Ignore 13th_floor |
3/10/2009 8:54:32 PM
"The real issue is ... how will reimplementation of the UPTICK rule affect this ETF?"
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
It doesn't include the ETF's even if it is implemented.
Even if it did,it wouldn't matter at all..JUST TRADE IT
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"Another commonality between ETFs and stocks is that investors are also able to short sell ETFs. However, short selling ETFs and stocks differ in one significant way: when an investor wants to short sell a stock, he is restricted by a rule called the uptick rule. This is not true of ETFs. This rule only permits short selling to occur when the last price movement of the stock is positive. The rule prevents short sellers from increasing the decline of a stock that is already moving downward. Investors are able to short ETFs even if the price of the ETF is plummeting. The main reason why this is allowed is that ETFs have sufficient liquidity and enough buyers that the likelihood of someone taking a long position is greater.
Since ETFs are not restricted by the uptick rule, they are often used by hedge funds. Hedge fund managers are looking to make fast trades to take advantage of short-term price movements. If they only use stocks, they are limited in their ability to profit on downward price movements. Subsequently, an ETF's exclusion from the uptick rule makes it an attractive investment to hedge fund managers."
http://www.investopedia.com/ask/answers/06/uptickruleETFs.asp
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karennma
8,057 posts
msg #72420
- Ignore karennma |
3/10/2009 9:25:06 PM
Whoaaaa, 13th!
This is VERY valuable information!
THANKS!
:>)
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karennma
8,057 posts
msg #72575
- Ignore karennma |
3/12/2009 3:59:03 PM
karennma
3/10/2009 6:19:07 PM
It's not too late. You can short FAZ down to the LOW 40's.
=====================================================
DONE!!!
JP?? Anyone???
Looking for < $40?
Wanna try $35??
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