Steady: March 20th, 2009
March 20, 2009 – 12:10 pmMy portfolio is steady right now as I have not made a move so far today. My two largest holdings right now are the Direxion 3x Financial Bear ETF (FAZ) and Short Mastercard (MA).
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10 Responses to “Steady: March 20th, 2009”
same here FAZ on the move once again,, i commented on the previous post on u.s bankruptcy i also posted a link on meredith whitney dated march 17th but says waiting to be moderated when u get a chance can you check it out
cheers !!!
By john on Mar 20, 2009
Hey guys, first comment! You know you’ve made it big when you have spam bots in your forum
I decided to sell FAZ today at 34.80 after 2 days. Not bad up 38% in 2 days! I’ll take some time to introduce myself in the forum next week and hopefully we can get this place busy.
Daniel
By Daniel on Mar 20, 2009
Thanks alot daniel. Just make sure to spread the worse about us. Word of mouth is what the website and forum need!
By jmoon on Mar 20, 2009
may have been a good move was watching cnbc tonight steve leisman announced breaking news on toxic assets plan and will probably be revealed monday which idiot leaks out news on a friday night
By john on Mar 20, 2009
I am going to have to disagree with you there john. I don’t know if you noticed but friday was a quadruple witch day. Most of the time, markets drop the week after the quad witch. Ontop of this, both the S&P and S&P futures are having a real hard time breaking the 804~ level.
By jmoon on Mar 21, 2009
good point i never documented any quad withing days and what happens following week though i did notice the 800 level twice this week and it collapsed after reaching it
By john on Mar 22, 2009
another bank rally ahead at least for today i had a bad feeling on friday this would happen oh well
By john on Mar 23, 2009
Looks like it was a good sell afterall of Friday. I did not have time to buy FAS however since I sold right at close of bell. I only have $5000 in available funds now so I might play FAZ again tomorrow depending on the rally today. I still think financials are selling too high.
Daniel
By Daniel on Mar 23, 2009
be carefull with financials if there is short covering faz will hit new lows once again for the near term everyone is pilling on banks right now and the beating they have taken people will still ride them higher untill there is panick again in financials
By john on Mar 23, 2009
not to mention if the uptick rule gets reinstated financial rally will continue and aggressively
By john on Mar 23, 2009