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Thread: Sirius Weekly Thread Week of 01-04-10

  1. #51
    Dr. Dave is offline
    Dr. Dave's Avatar
    Joined: Apr 2009 Location: SD Posts: 1,885
    FAZ and such are for day trading and swing trading, and you should explain that. Most people don't understand options, .etc, so they don't understand these don't move exactly 3X, and that if the underlying moves directly sideways these will move down in price relative to the previous price. These aren't all correlated to delta, but gamma also. A lot of times, it would be better to short FAS than to buy FAZ depending on what the $VIX is doing etc. If the $VIX turns around, then yeah, it may be ok to be in FAZ, but currently, it's in a downtrend. It's better to go with the trend than against it, IMO, since you usually can't pick tops and bottoms until after they occur.

  2. #52
    Havakasha is offline
    Havakasha's Avatar
    Joined: Sep 2009 Posts: 5,358
    So Ben dont you think this stock is likely to head higher in the next month or so because of 4th quarter earnings? Based on all indications i have read it seems like SXM had a good quarter. Exactly what that leads to in share price i dont know. As far as the RS i am justing going to sit back and wait to see what Mel has up his sleeve.

  3. Ad Fairy Senior Member
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