Originally Posted by
Big Ben
Has anyone been adding short etfs to the portfolio? If you are look at FAZ, it shorts the banks, its trading around 18.18. Few things that could be cataysts...5 former treasury secs say to institute the Volker rules, regulation is never good, and today the credit card rules come into affect, who hands out credit...big and small banks. I picked of 250 shares on Friday for 18.75ish...its trending down hard as I type...18.09 and sinking...wait for a plateau and pick some off. Markets are flat and siri is trading sideways, I am going to pick some siri off at the days end, where ever it is...I don't want to miss CC action, who knows what the hell is going to happen! With the recent gain, its possible the good news is baked in the cake but we will see. Good luck
Big Ben
FAZ has 17 handle...scream buy!