There are a lot of people who think FAZ has a bottom. FAZ has only intra-day dead cat bounces and will gradually go lower with time. Sure there may be a day or 2 of 5% gains, however, those gains will disappear quickly in the following days if you hold. The only way that FAZ can mover to ,say, $25-28 is with sustained downtrend in the market and that is not going to happen when we are in recovery and companies have blowout earnings. By the time markets may ggo into a meaningful pullback, FAZ may already be below $8 and any pullback in the markets will only moves it up 50%; that is less than 12.
the time to buy FAZ is near, but not yet. This bubble is going to burst soon. the market is already over 10K yet the stock prices are not any where close to where they were when the DOW was 10K 2 years ago. researches show DOW is at least 4 time overvalued. we are facing another down turn in the near future and inflation with it. there is no easy way out. but until then, stay out of FAZ. dont try to pick the bottom. if you can catch the ride even half way it would be good.
With all this "confidence" and "knowledge" one wonders what you're doing on yahoo msg bd! Shouldn't you be having your own subscription paid stock pick site or news letter so you can "advise" investors in a "genuine" way, and make a fortune for you and them?
Well, I got one little advice for you, don't be overly confident, if you have not wetted your bed yet, the night is still young!
From the old appleman who would be selling a lot of them apples early in the a.m., probably to someone super confident about the recovery such as you. You're a buyer of them ripe apples, right? See you in the a.m.