Thanks for the feedback =) Good move on the long/short switch there. Seems you caught the perfect top on both sides of the trade. More then I can say for myself =)
Unfortunately didn't make a lot of money on the long side; rode FAS down (then back up) from 12 in January, and escaped at break even, whew! It beats losing money though. Steve
Thanks for providing this info; I read your blog daily, and it gives very good insight! I was long until last Thursday, then switched to short. Steve
ReplyDeleteThanks for the feedback =) Good move on the long/short switch there. Seems you caught the perfect top on both sides of the trade. More then I can say for myself =)
ReplyDeleteUnfortunately didn't make a lot of money on the long side; rode FAS down (then back up) from 12 in January, and escaped at break even, whew! It beats losing money though. Steve
ReplyDeletewell, getting break even out of FAS/FAZ definitely is a good thing. While they seem tempting for trade vehicles I have resisted on those.
ReplyDeleteFAS/FAZ is just like options, you have to be right on price and time. Rather pick those targets myself for specific stocks.