Although he looks alone, somebody wants him on the phone.
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Here: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31917
Looks like you're going to get it!
Exactly.
It takes an extraordinary move in RIFIN to ever get either FAS or FAZ to return to a previous level.
They are both losers.
Fall in love with FAZ, and it'll kick your AZZ.
Interesting. In order for FAZ to reach 13.50 again, I'm thinking RIFIN would have to drop to roughly 825. That's a pretty serious drop, especially when you consider how much RIFIN has already dropped since mid April. Indexes don't move unidirectionally.
But then again, it went through it last Friday didn't it? However briefly. I'm personally not comfortable counting on anomalies to make my money. And I could be dead wrong.
I sat it out today, I just never got a good handle on what was going to happen.
I don't treat these as investments. PPS is simply a yardstick.
If you really want me to make a prediction here it is: All other things being equal, pps of FAS and FAZ will both be lower in two weeks.
Keep in mind that over the long run FAZ and FAS must lose value, it is simply the way that they are constructed.
http://www.direxionshares.com/pdfs/DS_Paper_011210.pdf
Two weeks is way, way over the FAS/FAZ horizon.
I can't really get a feel for today, I think financials may feel pressure over the N.Y. attorney general's witch hunt. 30 year bond auction at 1:00 Eastern, watch that. Higher rates will hurt banks, by raising the cost of money.
I'm leaning toward a FAZ day, but haven't decided yet.
What that number means is that 85% of shares traded yesterday were traded prior to T+3, in other words, they were "flipped". Only 15% of shares traded yesterday were settled trades... they had been held three days or longer.
That's why when you day trade a stock, you don't get your money back for three days. You have sold stock which didn't belong to you (an unsettled trade). It is technically a short sale per the rules.
Short interest (the seeds for the legendary and elusive MOASS) is an entirely different matter. It's 32 shares at the last posting.
Uhhhhhh, that's probably not the best place to get accurate information on short selling. The source referenced doesn't seem to understand it himself.
Try this: http://www.investopedia.com/university/shortselling/shortselling1.asp
Explore the links at the bottom. Your broker is also a good source, becuase the rules do vary from broker to broker. Just don't mention you're thinking of shorting a stock at .0003. They'll tell you that you can't do it, and you will embarass yourself.
Well, I screwed up that call!
LOL, that information doesn't even come from the SEC. It's produced by FINRA. That information comes from the industry, not the government. And everyone has access to the same info.
Buyins.net needs to educate their fiction writing staff.
Ten year note auction is a success, FAZ should break to the downside on that.
You're averaged in at .0002? You didn't flip this when you had the chance?
I'm so sorry. Please accept my sympathy.
That guy shorting 32 shares is one stubborn fella.
You had a really good one yesterday, remember?
Looky here, PR Newswire doesn't work for free ya know.
Which two divisions? Tweedledum and Tweedledee? This whole thing is just about as real as they were.
LOL, you accidentally answered my question. Thanks.
NO ONE is shorting this.
No, nothing sinister about it. I asked a legitimate question: What can you gain by shorting a stock only .0003 from absolute zero? (Assuming you could do it?)
Not this non-sense again.
OK, let's lay this out. I'm going to short this today, and collect my .0003 per share. Great. Now, what exactly have I got to gain from doing this? (We'll just pretend that I'm able to, by the way).
A down day is probably a foregone conclusion after yesterday. More problems with European debt, Chinese interest rates, all bad news for financials. (Good for FAZ)
Valuations however, are a little out of whack, and I think today's opportunity lies with FAS. For financials it will be a down open, slowly rising as the day goes by.
Watch the debt auctions this week.
Gets what?
Whatever happened to networking all the hotels in Hong Kong and China?
Let's go hang at the auto show. It will cause a spike in share price for sure. Maybe if Wynn Wang or Winn Wang (both guys appear in that press release) buy a Lomborghini, the stock price will soar.
Cool.
Good Luck.
LOL.
A little short covering rally at the end of the day, thank you very much.
Tomorrow's a new day.
I bought $80 puts this morning. With the failure of the containment dome, this leak is going to continue for now, and it looks like RIG is on the hook for the blow out preventer.
Despite the DOW being up 400 points, this is going down.
Sorry folks.
The sovereign debt has been kicked down the road a bit, and valuations in Financials is attractive after last weeks beating.
Despite the gap up, today is a FAS day, because there remains gaps in RIFIN from last week.
But be careful, RIFIN above 875 may be time to get cautious again.
Wow, I have never seen futures this strong on a Sunday evening before. Glad I'm out of FAZ.
The trouble is, a lot of gap will fill before the open tomorrow. Oh well.
You might be right. But a lot can change over the weekend. I can't ever justify holding FAS or FAZ over a weekend.
Let's see what happens in Europe this weekend. If the EU finance ministers come out of their meeting in dis-array and Christian Democrats lose the power in Germany, and both look like they could happen, then it will a rocky road for financials this week.
FAZ may be the place to be.
You're right. 100%. I have no argument with you. Look at my posts. I agree with you completely. In fact, I was the one who brought up the fact that North Korea is no longer on the terror list:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49924699
But here's the point: It's a made up fictional web-site about a made up fictional company, trying to lend credence to a hi-jacked shell that once represented a legitimate company, that failed. Whoever was hired to create the web-site didn't realize that North Korea was an international pariah, or that the pictures that they collected and posted on the site were hopelessly obsolete.
What's interesting is that after the point was raised, the web-site went down for a day, then re-appeared with no mention of North Korea.
Get it straight. The claim that they do business with North Korea comes from nowhere but the company itself.
http://webcache.googleusercontent.com/search?q=cache:KVuaQoF3gw4J:www.innotrek.com/english/page6.html+http://www.innotrek.com/english/page6.html&cd=1&hl=en&ct=clnk&gl=us
Maybe you already know this, but the censored version still exists in a Google cache:
http://webcache.googleusercontent.com/search?q=cache:KVuaQoF3gw4J:www.innotrek.com/english/page6.html+http://www.innotrek.com/english/page6.html&cd=1&hl=en&ct=clnk&gl=us
No, it's not a Chinese company. RMDM is a shell headquartered in a closet in Henderson NV. (Las Vegas).
It doesn't actually do anything. It and other shells are pitched as a way for small companies (which may or may not exist, it's not really important) to "go public" without having to go through the "hassle" of an IPO. The A/S is inflated to max possible, and large chunks of shares are handed around to settle liens, or make former principals happy, whatever. Then the shares are pitched to the public in the hopes that some kind of heat can be generated, bringing in a bunch of "investors" eager to buy the stock as it begins to go "To Da Moon!"
Unfortunately, unless you bought it early and are disciplined enough to dump it when the urge is most overwhelming to buy it, the only part of the moon trip you get to be on is the burning up during re-entry part.
One nice effect is that you can buy options further in the money for less than $3, meaning the price ticks are in pennies instead of nickels.
That stuff is obsolete because the people who created that web-site don't know diddly about computers or electronics. Look through the whole web-site. There is nothing there about anything real. Just a bunch of pictures and some diagrams probably cut and pasted from other places on the internet. I never really bothered to poke around the web-site before because I knew it was all a ruse, but I wish I had before. If you know anything about computers and networking, you'll see it was put together by someone with only a rudimentary understanding of the subject.
This whole deal is fictional. Flip this shell.
Those "chips" are stone cold obsolete in today's computers.
And George W. Bush, in another one of his amazing displays of uncanny intelligence, actually removed North Korea from the terror list for "behaving" with thier nuclear programs.
This is all fiction anyway. Look at the parts shown in those pictures. Those chips, transistors, relays, and potentiometers are all straight out of the early eighties. Those aren't being installed in any modern day Internet equipment, or whatever they claim they are selling to North Korea.
http://webcache.googleusercontent.com/search?q=cache:KVuaQoF3gw4J:www.innotrek.com/english/page6.html+http://www.innotrek.com/english/page6.html&cd=1&hl=en&ct=clnk&gl=us
Man jimstock, you just don't get it do you?
Fire Lane ain't saying it. Innotrek says it.
"Our exports market is mainly located at North-east Asia. We have established long-term business relationships within countries such as North Korea, hence, building up our sales contacts within these countries."
I've sold all my FAZ before the close. $15, I'm happy.
Beware of a possible short cover rally during the last half hour.
Only if the .0002s beat the trade halt!
OK, but I never buy out of the money options. They are way too expensive, just about always a sure loser.
The sweet spot is in the money, the first strike with a delta above .9
$20 front month? Those are awfully expensive. You're giving away .25 of FAZ movement just to overcome Theta decay alone.
$10 calls have almost no Theta, and will move nearly one for one with the underlying.
$20 calls are expensive. $10 calls are cheap.
Common sense??? ROFLMAO!!
OK, let's pretend there was a buyback. Look where the share price is. Where do you think it will be once the price is no longer supported by the buyback?
Yeah, very much so.
I had alarms set up on some of my holdings, and as I watched some of my long holdings crater down to zero, one of the last things on my mind was selling out of a bear bet (FAZ).
I mean literally, I was shocked.
Fortunately, I made no trades during those moments.
There was some sort of malfunction going on, and hopefully we'll get a straight answer on this. Maybe before the bell tomorrow.