Posted by billrosen on 6th of May 2009 at 06:42 pm
one thnig i learned long ago cheap stocks can always keep going
lower, not touching faz or fas for that matter, 3x is too risky for
me. i bet we see faz at 2 before it is all over
Exactly... cheap can get cheaper. That's with our usual long
stock.
Imagine how it will work out on Ultra shorts; probably just a
matter of time they approach ZERO and get delisted. But not before
all this is over I guess.
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If FAZ goes up 2000%
Posted by billrosen on 6th of May 2009 at 05:44 pm
If FAZ goes up 2000% it will reach the level it was at in early March just 60 days ago...
might make sense to just
Posted by siewyin on 6th of May 2009 at 06:27 pm
might make sense to just BUY FAZ here....whats your downside really ?
Not a recommendation but this is one way to double your money quickly....my 2 cents ?
Not sure who it was,
Posted by john9o9 on 6th of May 2009 at 07:41 pm
Not sure who it was, but someone on CNBC, maybe a hedgie, at end of the day said they had a full position in SKF.
one thnig i learned long
Posted by billrosen on 6th of May 2009 at 06:42 pm
one thnig i learned long ago cheap stocks can always keep going lower, not touching faz or fas for that matter, 3x is too risky for me. i bet we see faz at 2 before it is all over
So true it is that
Posted by hornsant on 6th of May 2009 at 07:06 pm
So true it is that FAS/FAZ got delisted from Fenix. That is my broker and it won't take any orders for those 3x.
Exactly... cheap can get cheaper.
Posted by gan_ on 6th of May 2009 at 06:56 pm
Exactly... cheap can get cheaper. That's with our usual long stock.
Imagine how it will work out on Ultra shorts; probably just a matter of time they approach ZERO and get delisted. But not before all this is over I guess.