FAZ Blues

[rrcamp]

Anyone else buy FAZ the day Citibank "leaked" that retarded memo about being profitable if you don't take into account all their write downs and bailout money?

Man, it's been a rough week or two but today is really a kick in the berries. I mean, it isn't good to hold these leveraged ETFs long term anyway because of tracking error, but man.. hits just keep on coming.

Do we have a support group out there?

[Ethek]

I didn't expect that powercurve into the close. I cashed out of a few things right at the start thinking I was being greedy. I'm not buying anything until a pullback. It is hard to believe that this ship just keeps going up.

[brandon]

Anyone else buy FAZ the day Citibank "leaked" that retarded memo about being profitable if you don't take into account all their write downs and bailout money?

Man, it's been a rough week or two but today is really a kick in the berries. I mean, it isn't good to hold these leveraged ETFs long term anyway because of tracking error, but man.. hits just keep on coming.

Do we have a support group out there?


lol...yes


I bought on Friday at $32 and decided to hold over the weekend. Got stopped out today after a significant loss.

[IChooseLiberty]

Expect this to continue for a few more weeks to months. This rally is the correction for the entire down move since this whole ordeal started around 14,200 DJIA. We should make it back up to 9,000-10,500 on the DJIA before this correction is complete... that's a lot of green days.