| StockFetcher Forums · General Discussion · Any FAS/FAZ traders here? | << 1 ... 6 7 8 9 10 ... 17 >>Post Follow-up |
| 13th_floor 724 posts msg #72419 - Ignore 13th_floor |
3/10/2009 8:54:32 PM "The real issue is ... how will reimplementation of the UPTICK rule affect this ETF?" xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx It doesn't include the ETF's even if it is implemented. Even if it did,it wouldn't matter at all..JUST TRADE IT xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx "Another commonality between ETFs and stocks is that investors are also able to short sell ETFs. However, short selling ETFs and stocks differ in one significant way: when an investor wants to short sell a stock, he is restricted by a rule called the uptick rule. This is not true of ETFs. This rule only permits short selling to occur when the last price movement of the stock is positive. The rule prevents short sellers from increasing the decline of a stock that is already moving downward. Investors are able to short ETFs even if the price of the ETF is plummeting. The main reason why this is allowed is that ETFs have sufficient liquidity and enough buyers that the likelihood of someone taking a long position is greater. Since ETFs are not restricted by the uptick rule, they are often used by hedge funds. Hedge fund managers are looking to make fast trades to take advantage of short-term price movements. If they only use stocks, they are limited in their ability to profit on downward price movements. Subsequently, an ETF's exclusion from the uptick rule makes it an attractive investment to hedge fund managers." http://www.investopedia.com/ask/answers/06/uptickruleETFs.asp |
| karennma 8,057 posts msg #72420 - Ignore karennma |
3/10/2009 9:25:06 PM Whoaaaa, 13th! This is VERY valuable information! THANKS! :>) |
| karennma 8,057 posts msg #72575 - Ignore karennma |
3/12/2009 3:59:03 PM karennma 3/10/2009 6:19:07 PM It's not too late. You can short FAZ down to the LOW 40's. ===================================================== DONE!!! JP?? Anyone??? Looking for < $40? Wanna try $35?? |
| johnpaulca 12,036 posts msg #72582 - Ignore johnpaulca |
3/12/2009 4:22:47 PM karennma : are holding overnight??? only crazy people hold FAZ overnight (: . I am looking at going long with a target of $44.50 |
| karennma 8,057 posts msg #72583 - Ignore karennma |
3/12/2009 4:30:39 PM NO!! Not holding overnite. You're entering @ $44.50? Geez, that makes me feel bad. I'm look for < $40. BTW ... I think you deserve a compliment. YOU are really good, JP!! ... multi-tasking/ trading at the same time (spinning class). I can't do that. I don't trade on days I'm not going to be home. |
| johnpaulca 12,036 posts msg #72586 - Ignore johnpaulca |
3/12/2009 4:53:08 PM karennma: Thanks....depending on where FAZ opens. If it opens below $44.52 then it could fall for about $10. It looks pretty extended and could snap back to $44.5 either way I will make money on it (: BTW- I also work as an Analytical Chemist...full time and drink lot's of Tim Horton coffee...lol |
| luc1grunt 622 posts msg #72595 - Ignore luc1grunt |
3/12/2009 7:55:08 PM johnpaulca - Ignore johnpaulca 3/12/2009 4:53:08 PM karennma: Thanks....depending on where FAZ opens. If it opens below $44.52 then it could fall for about $10. It looks pretty extended and could snap back to $44.5 either way I will make money on it (: BTW- I also work as an Analytical Chemist...full time and drink lot's of Tim Horton coffee...lol Good man! |
| johnpaulca 12,036 posts msg #72623 - Ignore johnpaulca modified |
3/13/2009 10:08:45 AM karennma: FAZ did open below 44.52 and heading north of $40 |
| luc1grunt 622 posts msg #72631 - Ignore luc1grunt |
3/13/2009 10:35:20 AM 5000 shares of fas on the 30 min OR break for $.09. Trade setup was an even 1:1 (shitty, but at least neutral). Gut said get out when it stalled...thanks gut. Media giddiness as an indicator, too funny.....that's 3 days in a row in observing a contrarian move. |
| conyeuchua 83 posts msg #73307 - Ignore conyeuchua |
4/4/2009 6:41:27 PM Source: http://leonardthemonkey.com//media/blogs/leonard/fasvsfaz.png 
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| StockFetcher Forums · General Discussion · Any FAS/FAZ traders here? | << 1 ... 6 7 8 9 10 ... 17 >>Post Follow-up |