Days ago, I said FAS will see 60s w/ no problem at all. Now, you see it.
you just need to be patient. BAC is still down 35% since Oct 28th. Most other banks are down 20%+ since that time. The banks are still not recovered from the high. You may be exiting too soon. As I said, It be will 70-75, and will get there.
I am not planning to "exit" for good. I'm just hoping to get in on a pullback. I still have another 400 shares of FAz in other accounts that I'm holding. I have a question and you are probably tired of hearing it :-) Now that I did sell some FAS, would you get back into FAS or TNA if you had the choice right now?.... Thanks.
Wish I could say it was profits. As of now it is still recouping losses, but I'm already back from the fear mode to the getting greedy mode, thinking I can game the market and lower my cost average. It's been two weeks since I've traded and been under water, so I had an itchy trigger finger :-)... I think I could have done worse.