Sep 30 2010, 02:06 PM
QUOTE(danmooncake @ Sep 30 2010, 01:24 AM)
Correct.. the 3x ETFs are not for buy and hold. They're just for trading and leveraging on market momentum.
They'll decay overtime. 3x ETF like FAS/FAZ are very dangerous.
The underlying Financial index (XLF) still below 200MA. Once this get broken, you'll see FAS rally like crazy.
I'm not buying FAS until this occurs.
C - finally moved up to $3.9.. it needs to break above $4 and stay there for it to remain bullish.
Closing update
Dow 10835.28 -22.86 -0.21%
Nasdaq 2376.56 -3.03 -0.13%
S&P500 1144.73 -2.97 -0.26%
Pretty much a flat day today.. the pull back allows me to exit some of my shorts with small profits.
But, i think we're close to a break out to the upside soon if there aren't any more bad news to bring this back down.
FUQI receives final delisting notice from NASDAQ but they plan to appeal during the hearing.
Not sure if they can complete filing in 10 days time or not.
DMC, what do you mean by "decay overtime"? Thanks.They'll decay overtime. 3x ETF like FAS/FAZ are very dangerous.
The underlying Financial index (XLF) still below 200MA. Once this get broken, you'll see FAS rally like crazy.
I'm not buying FAS until this occurs.
C - finally moved up to $3.9.. it needs to break above $4 and stay there for it to remain bullish.
Closing update
Dow 10835.28 -22.86 -0.21%
Nasdaq 2376.56 -3.03 -0.13%
S&P500 1144.73 -2.97 -0.26%
Pretty much a flat day today.. the pull back allows me to exit some of my shorts with small profits.
But, i think we're close to a break out to the upside soon if there aren't any more bad news to bring this back down.
FUQI receives final delisting notice from NASDAQ but they plan to appeal during the hearing.
Not sure if they can complete filing in 10 days time or not.
Quote
0.0468sec
0.38
7 queries
GZIP Disabled