Just to clarify: FAZ is the 3X Inverse of the Russell 1000
Financial Services Index, i.e. Financials, not the general
market.
The volume doesn't seem to be extreme if you look at the history
of it, especially considering that the price has dropped
from 60 to 20 in the last 4 months.
Bob
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FAX VOLUME IS AT AN EXTREME!! more
Posted by foolwise on 11th of Nov 2009 at 11:18 am
Someone sent me an email about this. FAZ, as most know, is a 3X inverse of the Russell 1000.
"The 5 day average volume for the FAZ was 100,456,511 shares. Only the SPY, QQQQ, and the XLF had higher 5 day average volumes."
Just to clarify: FAZ is
Posted by twins on 11th of Nov 2009 at 12:01 pm
Just to clarify: FAZ is the 3X Inverse of the Russell 1000 Financial Services Index, i.e. Financials, not the general market.
The volume doesn't seem to be extreme if you look at the history of it, especially considering that the price has dropped from 60 to 20 in the last 4 months.
Bob