FAZ...Okay, He Had to Prove Me Wrong

He was on a mission today to prove he could trade it over 25 times without a loss and still make over $1500. 29 for 29......(trade at 10am doesn't show the exit profit for some reason.)

We made nice money on the other leveraged ETFs this week too; TZA SRS ERY SCO.

Muddy Made 25 FAZ Trades Today

He should have stopped at 24.................................... ;)

Join us during the trading day at our live chat here: InvestorsUnderground.com.

CONTEST! #2 NUTS and TIMMAY

Congrats to InvestorsUnderground member Angie_K for the winning guess in this week's FAZ contest! FAZ closed at 61.93 yesterday and Angie's guess was 62.28.

Due to the number of late (and invalid) entries, we're giving everyone more time to enter this contest. Our next contest will be to predict the closing price of FAS on March 13th.

All contest entries must be posted on this blog post only and must be posted by 9:30am est Monday 3/9. Only one entry per person please so please add your name/handle to your entry. If we have a tie, we'll have a run-off contest.

We're a bunch of trading nuts over at IU and we think you should go nuts too! Therefore, the winner of this contest receives a $50 gift certificate to Nuts Online!

Anyone can enter the contest and win the prize above. As an added bonus though, if the winner is a current InvestorsUnderground member they will also be awarded their choice of any one of Timothy Sykes' instructional DVDs. That's up to $497 retail value!

Timmay and nuts in the same post! Gotta love it.

~Good luck all!

THE EXPLODING HEAD TRADE

HERE

WATCHES 2/27

Some nice run charts again tonight

CAB MI CRBC FITB CTT MF TSFG RADS BAC COF RF STI HBAN IXYS RGR SKS BHS LVS AVF LYG BPFH ALD MHGC DIN GGP ACLS

STI a double in 5 days.
TSFG had a crazy run to 2.21 today,after going from .75 4 days ago,I shorted on the breakdown of 2 and it was all gravy,closing at 1.37.

WRES not on the list but an example of an artful pump job.

by far the most volume the last year,over 3 million,this ran to 1.19 before folding,begged to be shorted on $1 break,so that's what I did.
With over 1 million borrows on ib it was a gimme
Symbol: WRES
Availability: 1'300'000
Exchanges: ARCA, ATD, BATS, BEX,
Took profit eod at .74
It all adds up...keep your eye out for the pumps.

WATCHES 2/26

CAB MI CRBC SOAP NCEN FITB CTT MF TSFG RADS BAC COF RF STI HBAN IXYS RGR GM CROX SKS HAMP SWHC RKBD JVDT FORC

Some really wicked charts here,love to send out alerts I'm but not into that,let others do it/mess with that hassle...please, just try to learn the charts and patterns if you are a "shortstocker".
The ones to watch are up here every night on IL's dashboard.
Sort out your favorites,it only takes minutes...the harder part is scanning for them..and it's done for you...I might miss a few now and then but believe me,I don't miss many that matter.

Today there where some awesome drops off last nights list if you could/wanted to locate borrows.

SUF ZN KPPC BYD CACB AXL NCT BEE all gave it up.

P.S. If you are an InvestorsUnderground member and in the South Jersey/Phila area I'd love to do some 1 on 1's at the local Barnes and Noble here (for free coffee of course!)...heck I'm there most weekends and love bs'ing about stocks,so let Laura and I know

CONTEST! CONTEST!

We are going to run a contest to see who can come closest to predicting the CLOSING price of FAZ on Friday 2/27.

All contest entries must be posted on this blog post only and must be posted by 9:30am est Monday 2/23. Only one entry per person please so please add your name/handle to your entry.

The winner receives Muddy's personal copy of Japanese Candlestick Charting Techniques by Steve Nison (retails for around $80). Comes complete with a few cat scratches!

The contest and book prize is open to all. As a BONUS though, if the winner is a current paying member of InvestorsUnderground he or she will also receive:

a $50 gift certificate to Amazon and a $50 gift certificate to L.L.BEAN!

Help me out though, post another comment on this post within 48 hours after Friday's close if you think you won!
We'll announce the winner no later than March 2nd. Next week we'll run a similar contest with FAS.

~Good luck all!