I am up on Faz so far and stop loss should keep me that way,,,,,,,,, I hope
I am not so sure about XLF ..It could bounce and probably will....This is the hardest market to predict ...I mean guess now a days.
I agree Saudi will try to run oil down a bit...does not want to encourage any alternative.
The old sell in May and go away thing seems to work most of the time....I am looking at going long again late Qct..or early Nov.
My folks use to trade and habits are hard to break....My energy stocks are pulling back and I will put the same money back into them this fall if the patterns hold...who knows...this whole thing could go down for the long count if they can not get their debt under control...
Debt worries me so I am as de-leveraged as I can get...
I am not managing other peoples money either so I am sure they will not listen to me either...lol
You probably can't do much harm in FAZ these days although I would expect a bit of a rally in the XLF... I figure FAz is the way to go on the way down, but probably not FAS on the way up. ERG probably did okay, but that maybe over with the Saudi wanting lower oil prices?...But hey, I'm not one of the guys managing billions of Dollars, so I ain't the decider around here :-)...
I think you are smoking crack. Perhaps if you hold such an opinion go mortgage your house from one of the trusty "banks" and go put all of your money in FAS. FAS is a triple leveraged financial "bull fund." Perhaps the Bukkake Brothers will join in with you and pony up on some FAS.
Doing Well here...
Got stopped out on my energy stocks so mostly sitting in cash..looking for more opportunity.
Better early probably then to late and end up chasing ....TYH ...I will add it to my watch list....looks like you are getting a bounce.
Still holding on this Faz thing for a while.
This market has been pretty wild..lately.
Not sure what to make of it..
Will watch and wait....
good to see you on the board again