I do not understand your comment here:”If you took the FAS trade back in March you’ve enjoyed a good ride and remain a good way from our suggested stop loss of $3.50. If you didn’t and are looking to participate, I’m looking for a good entry level around $4.50.”

FAS is current trading $8.95 this morning…if you see getting in at $4.50… How?…and if so..would not FAZ still be the play if you see FAS dropping from its current level down to the $4.50 range?

Thanks for any claification…maybe I am just miss reading what you are trying to say. I am current have a couple OCT calls on FAS at $2.50. I am expeting it to go much higher from todays price…and FAZ…lower.

Thanks for your reply in advance.

Best,
Dan

Editor: That was last month’s idea, and it’s done very well. Not sure why you don’t understand. I wouldn’t go into FAZ- this market just won’t give up, and lots of investors keep waiting for a correction that doesn’t seem to want to come. Also, I wouldn’t buy FAS now.

Editor: The company simply is not growing as fast as others I am following and going to be following. I probably will eventually sell it all, and move on. Seems like the new management gives investors a better shot, but I believe there’s better small situations out there.