Posted:
#1
LOL
HOw can anyone listen to this piece of shit fat bald bastard. Can't stand his dumb ass. Only holiding I have is FAZ at the moment. THe market rally of the past couple months is bullshit.
Cramer calls housing bottom today
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Views: 512
Posts: 16
Posted:
#4
Quote Originally Posted by LeRinkRat:
Nice job. Only holiding I have is FAZ at the moment.
well done JEFF 
I listened to KOAJ last week and went long 10k of FAZ in my IRA at and average of 4.30. 5.20 now with an interday of 5.37. around +$10K in less than a week 
Hope the banks fall hard and we can maybee get a chance to buy Fas when its cheap.
Posted:
#7
nice move rink...im about even on mine as well
these financial regs that Bama is pushing will only destroy any sort of banking industry profits going forward....now not only was the rally bull, as were the banks profits for the last 5 years but the banks are still insolvent for the most part
strange that i consider a triple short a long term play for me (more than a few months) but for these banks, there's no where to go but down
these financial regs that Bama is pushing will only destroy any sort of banking industry profits going forward....now not only was the rally bull, as were the banks profits for the last 5 years but the banks are still insolvent for the most part
strange that i consider a triple short a long term play for me (more than a few months) but for these banks, there's no where to go but down
Posted:
#9
these financial regs that Bama is pushing will only destroy any sort of banking industry profits going forward....
I don't think they will "destroy the banks" BUT they will not be able to just rob the public and come up with bogus "financial products" like high leverage derivatives. in the longer term THAT will make the financial system more stable.
BUT in the short term it probably WILL take the financial stocks down. "mo money, mo money, mo money" for FAZ 
(although the FAZ is down to just over $5 on a bank bounce thursday)
(although the FAZ is down to just over $5 on a bank bounce thursday)btw, the gamers look like shit AGAIN thursday. up market and their all down.
Posted:
#10
I don't think FAZ or FAS are meant to be held long term. Just a trading tool.
For instance say FAZ is at $5 and FAS is at $9 (right about where they are now).
If FAS goes down 10% and FAZ goes up 10% you are now at $5.50 and $8.10.
Next day FAS goes up 10% and FAZ goes down 10%. Should be at $5 and $9 again right?
Nope:
FAS is at $8.91 and FAZ is at $4.95. If you hold this sucker for a month the decay will kill you. The more volatile they are the larger the decay.
Just a thought.
For instance say FAZ is at $5 and FAS is at $9 (right about where they are now).
If FAS goes down 10% and FAZ goes up 10% you are now at $5.50 and $8.10.
Next day FAS goes up 10% and FAZ goes down 10%. Should be at $5 and $9 again right?
Nope:
FAS is at $8.91 and FAZ is at $4.95. If you hold this sucker for a month the decay will kill you. The more volatile they are the larger the decay.
Just a thought.
Posted:
#14
I think commercial RE is about to really go down the toilet.
no "about" about it here in Las Vegas. reminds me of the "strip mall bust" in Houston back in the 1980's when oil prices tanked. I'm sure a lot of tax shelter investing "professionals" (the sucker doctors, lawyers and company chiefs) are taking a bath out here just like back then. there are 5 strip malls close to where I live built in the last three years and NON of them is above 50% occupancy. 
and that's not even mentioning major projects like Fontainebleau Las Vegas that have been cut off by their lenders. 
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