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FAZ/FAS - Trading
Information
This group is designed for traders who want to discuss the Daily Finan. Bull 3X Shs(ETF)(FAS) and Direxion Daily Financial Bear 3X Shares (FAZ) stocks
Website: http://daytradingstockblog.blogspot.com
Members: 39
Latest Activity: on Monday
What stocks are in FAS/FAZ inverse etf's
FAS: The investment seeks to replicate, net of expenses, 300% of the daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.
FAZ: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.
Buying FAS is basically buying a certain basket of financials with 3x leverage - Buying FAZ is basically shorting ( selling short ) a basket of financials with 3x leverage.
The problem that most investors/traders face with buying either of the two stocks is that they don't know how they work. When FAS was $2.50 in March, FAZ was trading at $100. Since then, FAS went to $5, FAZ to $50 - then FAS to $7.50, FAZ to $25, then FAS to $10, FAZ to $12.50.....and many more huge moves that killed the FAZ. My theory is that if the market gets even stronger, they will have to so some kind of reverse split or FAZ will go under $1.
Top 10 holdings - Stocks that are in FAS/FAZ
Bank of America Corp. BAC - The Bank of New York Mellon Corporation BK - Goldman Sachs Group, Inc. GS - JPMorgan Chase & Co. JPM - Morgan Stanley MS - Russ 1000 Finan Indx Swap - Travelers Companies Inc (The) TRV - U.S. Bancorp (DE) USB - VISA INC. V - Wells Fargo & Co. WFC
Discussion Forum
Buy Levels FAS/FAZ - February 2012 2 Replies
Started by Stocks To Buy. Last reply by M. J. Ross on Monday.
FAS - FAZ Stock Analysis - 2011/2012 1 Reply
Started by Stocks To Buy. Last reply by Stocks To Buy Nov 14, 2011.
FAZ Deterioration 2 Replies
Started by ray ups. Last reply by ray ups Jun 10, 2009.
FAS - FAZ on Twitter - Tweets about FAZ & FAS - What are they saying?
Comment Wall
Comment
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Comment by Stocks To Buy on January 28, 2012 at 7:09am -
FAS is trading above $80 now and could be getting ready for a correction. I choose FAZ for Feb 2012 - http://www.stockstobuy.org/group/fazfastrading/forum/topics/buy-lev...
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Comment by Terry H on January 26, 2012 at 8:40pm -
FAS has come into price resistance and 200 day moving average resistance on the daily chart on Jan 26 2012.
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Comment by Stocks To Buy on January 19, 2012 at 9:20am
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FAS has been up huge in 2012. I think It's time to go against this trend - start to buy FAZ for a correction. It will not be easy but I feel you can make a lot of money going against this large bank stock uptrend.
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Comment by Stocks To Buy on November 28, 2011 at 8:29am
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FAS is higher by 8.5% on 11/28/11 - financials are getting a large bounce in pre market, BAC up 4.5%
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Comment by Stocks To Buy on November 15, 2011 at 5:12pm
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FAS lost steam at the close on 11/15/11. I would expect FAZ to be in favor on 11/16/11
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Comment by Stocks To Buy on November 14, 2011 at 6:00pm
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FAS/FAZ - 11/15/11 - November 15, 2011
FAS is trading up in after hours tonight which could signal a good day for tomorrow. Keep an eye on FAS at $63, FAZ would be a good trade if FAS breaks down through $63. Check out this FAS chart
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Comment by Stocks To Buy on October 28, 2011 at 9:59am
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FAS is back trading around $16, breaking out. However, we could see a pullback given the huge run. Maybe FAZ is a good bet in the short term
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Comment by Stocks To Buy on October 21, 2011 at 9:37am
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FAS chart looks bullish - stop out on a close below $12. Then, you start trading FAZ again
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Comment by Stocks To Buy on October 17, 2011 at 1:56pm
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FAZ has been in favor right now since the banks are performing poorly. If FAS fell below $8, I'd think about buying it.
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Comment by aaron moeller on August 12, 2011 at 9:48am -
Tim, do you still like FAS down here? Was thinking about picking some up and selling out of the money covered calls for some downside protection.
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