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Replies to post #49082 on $heff's $tation of $tocks & $olid DD

Replies to #49082 on $heff's $tation of $tocks & $olid DD
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cabos_tacos

10/28/11 1:08 PM

#49084 RE: kuan #49082

I just lost 13k on that silly FAZ game!

If Sheff comes up with something that looks good to me Ill play that one!

This is one head thats back with the herd.

GLTY
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3kidsplus1

10/28/11 2:26 PM

#49091 RE: kuan #49082

It might not get that low, but it would be worth the wait if it did.
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barefootrunner

10/28/11 2:44 PM

#49092 RE: kuan #49082

FAZ - Folks do what you want to here, but, as you know, FAZ is the 3X inverse ETF on the financial sector. The bank stocks have started to recover and have room to run. Just check the charts of BAC, MS, GS, C, WFC, JPM, etc. Sure they have rallied, but none are technically overbought yet. Neither is the S&P.

Plus, even after the recent rally, most of them are trading under book value.

As I have said in prior posts, barring any further Black Swan events out of Europe, this rally is ON and institutions are actually chasing it so that they do not end up down YTD when the S&P is up.