FAZ long again tanks Ody.
Portfolio of the Week - 2009
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Aye, welcome aboard Eliaskane !
Nice entry on JASO Rob ! Hopefully you have quite a few shares invested
I've never been able to pick out head and shoulder patterns very well, but so far ESEA be heading in the right direction for you
Sheesh, Spikefader's rubbing off too much on me, I sent a chat message in house here at work recently in slight pirate talk, the guy sent back an Arrrr ! So sorry ahead of time if I fall off the wagon now and again
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What a week, thought we might all end up green 'till Thursday hit. Mighty fine picks by Spike, Rob and Karel !
Hmmm.... need to see why I do pretty good on Spike and Rob's contests but not my own. Sheesh
What is FAZ btw Spike? Google doesn't describe it (yes, I rely on Google too often for my descriptions )
Karel, you going to take EXM in the POTY contest?
Think this either be the ending of a pullback before the bullish push, or we are diving for support once again. Hang on to your hats this week, it's going to be another bumpy ride I'm thinkin'
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Hey, Elias! I had AZZ on my short list too! That is ... not to short it, but a short list of stocks to take long.I wish you success with it. After all the dust settled I decided to go with FRD long. So put me in FRD please Ody, and thanks.
—Rob
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Originally posted by Odysseus View PostWhat is FAZ btw Spike?
http://finance.yahoo.com/q?s=faz
FAZ is a "3X short (Bear) ETF" (Exchange Traded Fund) That uses Triple Leverage to short sell financial securities.
So FAZ (long) is actually a short play on the financial sector X3.
FYI
Some other 3X "Bear" short ETF's are: BGZ, TZA, ERY, FAZ
Some 3X "Bull" long ETF's are: BGU, TNA, ERX, FAS
I like trading ETF's and was recently introduced to them by IIC aka "Doug-E-Fresh"....BEEF!... it's whats for dinner!
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