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Direxion Daily Financial Bull 3X ETF Message Board

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  • yourdeadmeat69 yourdeadmeat69 May 3, 2009 4:20 PM Flag

    Something to consider for Monday

    A lot of call buying with expiration not this, but next Friday the 16th, augers in the direction of

    a. a delay in the stress test results until next week,

    b. probably the day the gamblers like to play, Friday the 16th.

    c. half the investors will buy in on the concept, that cash flow is all you have to worry about now that the toxic assets are mark to murky on the books, and

    d. another half will call bullsh1t.

    I think we are going to vascillate around $7.50 to $9 for BOTH FAZ and FAS with huge continued daytime volitility to make daytraders smile.

    But where that goes in the endgame is anybody's guess.

    Stay loose and limber, cool the margin, watch those ticks, buy low sell high, never short, just play the "other" ETF.

    Chances are, both ETF will MAX PAIN $7.50 16 May.

 
FAS
126.39-0.9800(-0.77%)Mar 3 4:00 PMEST

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