Urgent Trade Alert: Sell 50% of FAS
Mar 19th, 2009 | By James Dale Davidson | Category: CSA Updates
Closeout Recommendation – Sell 50% of FAS Dear Crisis Strategy Alert Place a market-order to sell 50% of your position in the Direxion Financial Bull 3X Shares ETF (NYSE:FAS). We are selling half of our position to capture a 3-day gain of 25%. As always, let me know how you did by sending an e-mail to info The thing with levered funds is that you have to keep a very close eye on them. Leverage works both ways of course. And in this volatile market, we need to capture any gains we come by. By selling half of your position today, you virtually guarantee a total gain by the time this position is fully closed. Of course, I still believe that financial shares are headed higher into earnings season in three weeks on the back of relaxed mark-to-market rules. That’s why we are keeping half of our position open, to capture any further gains that the financials might see. Invest well, James Published by Investor Media Group SRL, Gorriti 4949, Buenos Aires, Argentina 1007 Copyright 2009 Investor Media Group SRL. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter, e-letter, or promotional material may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web) , in whole or in part, is strictly prohibited without the express written permission of Investor Media Group SRL, Gorriti 4949, Buenos Aires Argentina 1007. LEGAL DISCLAIMER: This work is based on SEC filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Investor Media Group expressly forbids its writers from having a financial interest in any security they recommend to our subscribers. And all Investor Media Group (and affiliated companies), employees, and agents must wait 24 hours after an initial trade recommendation is published on the Internet, or 72 hours after a direct mail publication is sent, before acting on that recommendation |