Investment tracking

[quantumleap]

FAS rules.

I'm up 47% and I'm still holding. It's up another 5% AH.

I bought C just after the opening bell but it had a huge gap up so I missed most of it's 38% performance today. It's up 9% AH, for all that that's worth.

I'm drooling at the thought that SSI's prediction to DOW 8000 could come true and riding FAS and C all the way up and then DGP and SRS all the way down to 5000.

I think I'm going to write "FAS" on my right hand with a Sharpie and have some private time with myself.

Not loving DXO at the moment. I never would have thought we'd have such a huge day while DXO and UCO lags.

You timed that just right.



What are you going to do with all your earnings?

Remember, FAS can be a callous bitch. Just think what callouses can do to your right hand.

 

[DeathEatsaCracker]

All my earning are going to dividend paying blue chip stocks that have gotten the shit kicked out of them during the downward spiral to 5k and also averaging down a few good stocks that I bought at the wrong time.

Soumi

Oh, and hookers and blow.

 

[quantumleap]

Going long with financials vs. shorting bearish financial stocks

On 3/3/09 I went long financials by investing in FAS which is a triple financial bull ETF. I was wondering what would be better, to go long with financials or to short bearish financial stocks. Here is a comparison:

On 3/3/09, FAS was at 3.89 per share. Today (3/10/09) it closed at 3.73.

On 3/3/09, UYG (double financial bull) was at 1.85. Today it closed at 1.89.

On 3/3/09, SKF (double financial bear) was at 195. Today it closed at 181.

On 3/3/09, FAZ (triple financial bear) was at 75. Today it closed at 61.50.

So you see during this time, it would have been better to short FAZ than to invest in FAS.

So many times you hear about how leveraged (multiples) ETF's have a decay factor. I believe this to be true. However, in sectors such as Financials and Oil that are degrading in price the decay is much less than the sector decay. Therefore if you invest in ETF's that go against the general direction of the sector the decay can be overcome.

Here are the recent charts of the 4 ETF's mentioned above starting November 24, 2008. The reason I chose that date is because FAZ was relatively new before then and the originating price was too high causing a steep drop. Since then it has evened out.

You can see how the decay for the financial bulls UYG and FAS have degraded hopelessly over time, never to return to their original prices except for short periods of time of recovery.

This is why I have been investing in FAZ. It shows support around 40 and gives an over 100% return in a short amount of time. Even when it degrades back to 40 it bounces back to a higher price eventually.

 

[quantumleap]

All my earning are going to dividend paying blue chip stocks that have gotten the shit kicked out of them during the downward spiral to 5k and also averaging down a few good stocks that I bought at the wrong time.

Soumi

Oh, and hookers and blow.

I can't seem to find any blow but I've dialed up a hooker or two.

<><>

 

[quantumleap]

Almost put in a stop at 4.00. FAS went up to 4.12 then dropped down to about 3.87 shortly after the open. I would have been shaken out. It has recovered now to 4.08.

This is why I tend to let things settle after the open. I've seen some strange things happen around this time.

 

[SSI]

there is something about the open that ill never share on an open forum..

SSI

 

[quantumleap]

I put in a stop order at 197 for 120 shares of DTO in case the inventory report causes the price to drop.

I also put in a stop order at 195 for the other 100 shares of DTO that I bought at around 189.

Also put in a stop order at 3.95 for 5000 shares of FAS.

Gotta go to work.

 

[quantumleap]

I put in a stop order at 197 for 120 shares of DTO in case the inventory report causes the price to drop.

I also put in a stop order at 195 for the other 100 shares of DTO that I bought at around 189.

Also put in a stop order at 3.95 for 5000 shares of FAS.

Gotta go to work.

First stop order was cancelled. I changed it to a stop order at 199 for 120 shares of DTO.

 

[quantumleap]

Well oil inventories came out higher than expected at 0.7M compared to 0.2M expected. I would think that would cause oil prices to go down but DTO went down instead. That tripped the following trades:

03/11/09: Sold 120 shares DTO @ 198.31 = 23,797.20
(Original purchase was 120 shares @ 195.81 23,497.20)

Net: $300.00

03/11/09: Sold 100 shares DTO @ 196.62 = 19,662.00
(Original purchases were 50 @ 189.09 = 9,454.50 and 50 @ 189.25 = 9,462.50 for a total of 18,917)

Net: $745.00

 

[quantumleap]

I just got shaken out of my FAS position. I had a stop order at 3.90 and it tripped at 3.96. It must have gone down far enough to trip the order and then shot back up. That's ok I guess. I'll continue to keep an eye on it.

3/11/09: Sold 5000 shares FAS @ 3.96 = 19,800
(Original purchase: 5000 @ 3.90 = 19,500)

Net: $300

 

[quantumleap]

Bought 250 shares @ 57.15 for a possible short trade.

 

[quantumleap]

Sold 250 shares @ 58.30.

Net: $287.50

 

[SSI]

nice work QL...

ill be out for the day or most of it but if you want ill try and PM you tomorrow morning, a few minutes before the big board opens, to show you the setup....... it happens most mornings (not all) but id say at least 8-9 out of every 10..

SSI

 

[quantumleap]

nice work QL...

ill be out for the day or most of it but if you want ill try and PM you tomorrow morning, a few minutes before the big board opens, to show you the setup....... it happens most mornings (not all) but id say at least 8-9 out of every 10..

SSI

Sounds good. I'm at work now so have limited posting capabilities until this evening.

I already have the ES futures queued up in my Market View.

Thanks much.

 

[DeathEatsaCracker]

Got stopped out of DXO for about an 8% loss. Still holding FAS.

 

[quantumleap]

Got stopped out of DXO for about an 8% loss. Still holding FAS.

How long will you hold FAS? Futures looking red. Looking to buy FAZ.

 

[quantumleap]

Let's try posting the spreadsheet from another source:

Date Symbol Stock Buy Shares Buy Price Buy Amount Sell Shares Sell Price Sell Amount Net
01/28/09 FAZ Direxion Financial Bear 3x 75 42.26 3,176.48
02/09/09 FAZ Direxion Financial Bear 3x 90 41.06 3,702.40
02/13/09 FAZ Direxion Financial Bear 3x 165 47.18 7,785.70 906.82
02/19/09 FAZ Direxion Financial Bear 3x 800 64.00 51,200.00
02/20/09 FAZ Direxion Financial Bear 3x 800 75.62 60,496.00 9,296.00
02/26/09 DGP PowerShares Gold Bull 2x 200 20.95 4,190.00
02/27/09 DTO PowerShares Crude Short 2X 100 195.61 19,561.00
03/03/09 FAS Direxion Financial Bull 3x 5,000 3.89 19,450.00
03/03/09 FAS Direxion Financial Bull 3x 5,000 3.72 18,600.00 -850.00
03/03/09 DTO PowerShares Crude Short 2X 100 225.00 22,500.00 2,939.00
03/04/09 FAS Direxion Financial Bull 3x 5,000 3.90 19,500.00
03/05/09 DTO PowerShares Crude Short 2X 120 195.81 23,497.20
03/10/09 DTO PowerShares Crude Short 2X 50 189.09 9,454.50
03/10/09 DTO PowerShares Crude Short 2X 50 189.25 9,462.50
03/11/09 DTO PowerShares Crude Short 2X 120 198.31 23,797.20 300.00
03/11/09 DTO PowerShares Crude Short 2X 100 196.62 19,662.00 745.00
03/11/09 FAS Direxion Financial Bull 3x 5,000 3.96 19,800.00 300.00
03/11/09 FAZ Direxion Financial Bear 3x 250 57.15 14,287.50
03/11/09 FAZ Direxion Financial Bear 3x 250 58.30 14,575.00 287.50

13,924.32

I'll try it from Excel at work on Thursday.

 

[joelatti]

Jumped in and bought some FAX and SRS

 

[quantumleap]

Jumped in and bought some FAX and SRS

joe, I've been watching SRS lately but I'm afraid I still don't know the ins-and-outs of this stock. Any feedback from you as to why you are buying it?

Also, why did you buy FAX? Or did you mean FAZ?

 

[DeathEatsaCracker]

How long will you hold FAS? Futures looking red. Looking to buy FAZ.

Looks like I'm selling in the AM.

I was getting my ass kicked all day at work so couldn't watch very closely, but one time I looked and I was up 78% and thought about selling for about .37 seconds. Then I started thinking about having to sit on the sidelines while it continues to climb.

The M2M news tomorrow is likely to be encouraging, but I suspect it got priced during this brief rally.