RE: RE: That was a fun day!!I'm out of FAZ altogether since it hit my $13.50 target. Sold some a little early yesterday. I'll sit back and let it cool off a little looking for an entry, and then right back in. Buy and hold is not a bad strategy though. I just like to trade here and there, but have to be careful not to miss the boat.
It was very tempting to go short last May and there were all the fundamental reasons in the world to do so. Also, remember the big failed Head and Shoulders pattern in May/June 2009....
The makets needed to attract all the foolish investors first so it kept going higher. Those investors are all in now, and this time it's for real. This is the time to recoup if you were short last year.
SC