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Post# of 14996
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Porgie Tirebiter

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Porgie Tirebiter

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Thursday, 05/27/2010 10:48:56 AM

Thursday, May 27, 2010 10:48:56 AM

Post# of 14996
FAZ is going back from whence it came. Valuations among the financials are just completely out of whack to the downside. And you can argue all day long about Sovereign debt, China bubbles, etc. but for the near term financials have to rise. RIFIN at 850 near term is highly possible, and that would probably put FAZ below $12.

We just need the VIX to get back down below 25, so that money can be made buying FAZ put options again.

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