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Direxion Daily Financial Bear 3X ETF Message Board

  • i_like_pocketpool i_like_pocketpool May 8, 2009 6:23 PM Flag

    Prepare for another 50% haircut next week

    Funds just starting to buy financials as they were waiting for stress test results. Today was the first day many of them started buying. Next week will see a huge wave of buying and FAZ will be in the $2's. MARK THIS POST!

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    • Agreed. I see 2.80

    • you mopes who say mark this post like anybody gives a rat what you say. This isn't buying for new positions, it's covering by funds that played the last eight weeks wrong. It's the end of the game for them, not the start of it.

    • don't make fun of yourself. Small boys may be buying, but big boys are selling like mad men. Look at yesterday's volume, the biggest for 4 months. Parabolic on fins is no good for longs, if u trading not for one month, you should know that. It could be the top for fins for the next couple of months. It will end bad for fins longs. FAZ will be 7-8 in a moment, nobody will even imagine. Techs are lagging, it's a bad sign. Good luck

      • 1 Reply to mtokar2000
      • I was busy whole day today..
        but from looking at the price action on some big names, the rate of rising has slowed. If funds are buying, you will see double digit gain across the board.. My feeling is, we are close to the end of the runs. I don't expect huge pullback but at least I don't see a lot more upside on the mkt from here.

        Funds will still buy but u should ask yourself at what price u are willing to pay. Market is smart and u can see how Tech rises today.. Growth scenarios are built-in at this point. if Q2 they don't grow, we will see them fall hard.

        Financial is however trickier as they can make a lot of $ from lending.. the question is how much more will they lend to make PPS justifiable.

    • Marked. And agreed, FAZ to $2.

 
FAZ
15.63+0.09(+0.58%)12:11 PMEDT

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