REMEMBER when hedgies come on and say they are buying banks THEY MEAN THEY BOUGHT BANKS and need folks to buy their shares.
AND they are likely pounding SILENTLY on the bear side of the banks looking at all the charts.
SURE THE BANKS will be hitting a bottom soon BECAUSE FAZ rocket will rocket and bottom out the banks FOR A mild bounce AT WHICH time faz will be sold
and the banks will be day traded till they finish mild bounce then FAZ WILL BE LOADED AGAIN TO THE GILLS
faz is the ticket at this time.
Same with drys. I got out of that one just in time. I actually sold because it was upgraded to outperform and I knew it would spike up and then go down. Upgrades always go that way. Tika this is perfect for faz. I will sleep well tonight. IF faz was up in AH or premarket then I would worry. We are actually on down like 4 pennies before the split. Just looks bigger x 10
? This is no different than normal days. I'm seeing 54.12 vs a close of 54.35.
so that would be the same as 5.41 vs 5.43 before the split? Almost every day that financials had an up day, you would see faz down another .01 or .02 after hours.
no big deal