Replies to post #1244 on Direxion Daily Financial Bull 3X Shares (FAS)

[z4lover]

ha well really there is not much left to scare us in terms of the banks...

the risk for the time being is off the table... and money is cheap so they are going to make money...

i think the last few days after the EU bail out came out were a lot of bs rumors of some guys with big hedge funds who got caught short hoping the EU wouldn't do anything... well they kinda got blown out of the water...

so I think they spread a bunch of rumors saying that germany would back out, that this wouldn't solve anything, we are going to dow 5,000 ect ect... so they could cover their short positions...

If you check the short interest for April 30th a lot of stocks had a nice jump up in short interest...

this is all jmho though.. who knows if it is right...