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<blockquote data-quote="HerefordSire" data-source="post: 638340" data-attributes="member: 4437"><p><em>Normally, I would agree with you. Buy on the rumor and sell on the news seems to be the modus operandi on the street. I believe this could be a special case because the price to the 3X ETF financial bull has gone straight down with the banks. Could rise all the way until the meeting on mark to market accounting. Upside could be about 300% or so if not playing options.</em></p><p></p><p><em>Recent price was $58 per share not too long ago. In only February was $11.50 per share. Closed at $2.64 per share on heavy volume. Shown below is a hourly chart where one candle is one hour. Noone has a lower price than $2.34 per share. Should test $4.00 and then $7.15 per share soon. One can even play the options in a variety of ways to provide insurance or more leverage to increase return. For example, simultanously buy a short term in the money puts against the same quantity of long shares. Puts would be the insurance premium and the break-even would be a little higher than the price the shares were purchased.</em></p><p></p><p><em>I should also add, this is usually not my style even though I am aggressive but it certainly caught my attention.</em></p><p></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 638340, member: 4437"] [i]Normally, I would agree with you. Buy on the rumor and sell on the news seems to be the modus operandi on the street. I believe this could be a special case because the price to the 3X ETF financial bull has gone straight down with the banks. Could rise all the way until the meeting on mark to market accounting. Upside could be about 300% or so if not playing options.[/i] [i]Recent price was $58 per share not too long ago. In only February was $11.50 per share. Closed at $2.64 per share on heavy volume. Shown below is a hourly chart where one candle is one hour. Noone has a lower price than $2.34 per share. Should test $4.00 and then $7.15 per share soon. One can even play the options in a variety of ways to provide insurance or more leverage to increase return. For example, simultanously buy a short term in the money puts against the same quantity of long shares. Puts would be the insurance premium and the break-even would be a little higher than the price the shares were purchased.[/i] [i]I should also add, this is usually not my style even though I am aggressive but it certainly caught my attention.[/i] [ATTACH type="full" alt="fas.jpg"]0[/ATTACH] [/QUOTE]
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