Replies to post #2214 on Pennies from Heaven

[Pennyland]

FAZ 60m

[skidstreet]

Hey brikk. I remember you from the DPDW board a couple years back. What a wild ride that was. As for banks rallying, I guess it depends on which ones you look at. WFC, BAC and C make up about the 18% of the index that FAZ follows and I think they are showing the way down now. The first two are well off their highs and I think the other financials in the index will follow soon. I did take a small profit in FAZ yesterday though. Looking to buy back on any dips now.

http://stockcharts.com/h-sc/ui?s=C&p=D&yr=0&mn=1&dy=0&id=p32147093729

http://stockcharts.com/h-sc/ui?s=BAC&p=D&yr=0&mn=1&dy=0&id=p32147093729

http://stockcharts.com/h-sc/ui?s=WFC&p=D&yr=0&mn=1&dy=0&id=p32147093729

FAZ follows 3x the inverse of the Russell 1000 Financial Services Index.

http://stockcharts.com/h-sc/ui?s=$RIFIN&p=D&yr=0&mn=1&dy=0&id=p32147093729