$75.03 -1.14 (-1.50%)
11/20/2009 4:00 PM

FINANCIAL BULL 3X (FAS)

CAPS Rating: 1 out of 5

Current Price $75.03 Mkt Cap $77.28M
Open $74.31 P/E Ratio 0.00
Prev. Close $76.17 Div. (Yield) 0.66 (0.90%)
Daily Range $74.14 - $76.00 Volume 23,197,361
52-Wk Range $11.60 - $163.40 Avg. Daily Vol. 35,326,000

FAS News and Commentary

Caps

How do you think FAS will perform vs the S&P 500?

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All Members

342 Outperform
493 Underperform
 

All-Star Members

170 Outperform
198 Underperform
 

Wall Street

1 Outperform
1 Underperform
 

Top FAS Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

ktrotter79 (99.90)
Submitted January 23, 2009

I am not sure we are at the bottom, but I am sure that we are very close. I am recommending a long position in this etf. Every time there is a 10% drop in the index you should buy, and every time there is a 10% increase in the index you should sell.… More

MightySaint (48.20)
Submitted October 05, 2009

The run has to end at some point, nothing goes straight up endlessly.

FAS VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about FAS.

Recs

0
Member Avatar fooletfs (74.05) Submitted: 11/8/2009 8:50:05 PM : Underperform Start Price: $73.74 FAS Score: -0.37

testing what's been said here on CAPs.
Do shorting all 3x ETFs mean easy net returns?
YES, IF, you rebalance once ratio goes 1.7 (or 1/1.7)

In a sideways or down market this would also translate into net points on CAPs
But your accuracy will be hurting, you'll mostly be 50% accuracy at best on this strat.
Current batch I am redthumbing here on CAPs today (at these levels):
BGU/BGZ
MWJ/MWN
TNA/TZA
FAS/FAZ

Further on my personal thoughts on this strat:
using hypothetical scenarios, actual 3x #s from '09, and 2x funds from differing periods:

Worst case scenario, this strategy loses in a year: (5%)

Best case scenarios in a year: 10%+

Should expect most returns in a year: 3-7%

In implementing this strat, pray for two things: 1) Hope your short shares don't get called back by broker & 2) if in rebalancing you wish to increase position, hope you can short more.

This strategy may be a good play to allocate comparable to the fixed income/bond allocation of portfolio or completely replace that bond allocation with this.

I would say maximum amount you sell each position is 23% of face value of account. IE a $10,000 acct, short sell a maximum $2,300 worth of each ETF.

Recs

0
Member Avatar scoylesays (70.38) Submitted: 11/2/2009 2:26:08 PM : Underperform Start Price: $67.56 FAS Score: -5.74

new bear market

Recs

0
Member Avatar BeautifulPlumage (99.95) Submitted: 11/2/2009 10:21:01 AM : Underperform Start Price: $70.74 FAS Score: -1.73

Short this double wt'd leveraged log ETF and its short equivalent, FAZ

Leaderboard

Find the members with the highest scoring picks in FAS.

Score Leader

EZstockpickr

EZstockpickr (69.24) Score: +496.29

The Score Leader is the member with the highest score across all their picks in FAS.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
cola22 66.41 3/9/2009 3/31/2009 Outperform 1Y $12.47 +501.57% +63.84% +437.73
chris4045 95.67 3/9/2009 Outperform 5Y $12.47 +501.57% +63.84% +437.73 1 Comment
theroltz 98.71 3/6/2009 Outperform 3M $14.21 +427.94% +60.47% +367.47
BonanzaGrade 99.45 3/5/2009 Outperform 1Y $14.46 +418.85% +61.27% +357.58
droll90 39.51 3/10/2009 Outperform 3M $15.70 +377.81% +60.21% +317.60
blahbldcfddf 99.52 3/10/2009 Outperform 3M $16.75 +348.04% +56.84% +291.20
cwcj63 68.25 3/10/2009 Outperform 5Y $17.04 +340.20% +56.27% +283.93
tribecatrader 80.17 3/5/2009 Outperform 1Y $17.44 +330.18% +58.94% +271.23
st2p0 96.11 3/10/2009 Outperform 1Y $17.79 +321.77% +55.44% +266.32
auron77 99.07 3/11/2009 Outperform 1Y $19.34 +287.97% +53.86% +234.11 1 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 36.31 9/24/2009 Underperform 3W $80.08 -6.31% +4.16% +10.47
TrackTobinSmith < 20 3/13/2009 Outperform 1Y $25.59 +193.19% +46.36% +146.83

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