I this a downward trend or just a one day drop.. Any thoughts..???
I wouldn't hold FAZ or FAS more than one trading day.
FAZ can easily go to $35 this week but its a very big risk to take.
Dump FAZ right now. The market correction is just about over and the Dow is ready to resume its upward course.
GS keeps going down if that's any indication to you...I'm glad I didn't listen to the people that said not to hold over the weekend.....
Not holding overnight....Day trade only.
If you don't hold overnight, you could miss the gap up like today. Not to say it will happen again tomorrow. But FAZ is overdue for a multi-day rally (The banks need to go down for a few days!)
Sell 50% of your FAZ and see what happens tomorrow.
hold till $260.
Darn. I made the right call, but I still had an earlier open sell order at $28.28arrrgh!
This is a very weak close. I was going to sell at 2:59 and buy back at 3:59 but i held through thankfully.I will be holding through tomorrow.this is a terrible close to the market right now.Support breached on the S&P