I hope someone gets a laugh out of this. I just put a decent sized chunk of change into FAS at $3.50/sh. FAS is the Direxion 3x leveraged Bull Financial Fund. Complete gambling and hoping here. We'll see if this is just more money down the financial stock drain...
Pure luck and willingness to gamble are key to making quick cash in the market.
Or losing it.
If you want to gamble some more...
Option 10,000 shares of C...Jan '10 @5 for .60
Cost $6000
Stock trades at 10 by Jan...turn 6k into 30k
Reported 3.39, good accounting representation 0.93 EPS.
Who is buying those shares being offered? Maybe their symbol should be BS?
BS? Wasn't that Bear Sterns' symbol?
I think you were just joking but it was BSC.
So Maurice, did you cash out and take some profits off the table? I'm still holding on to my C but I've had it for years and I'm holding for the long, long ride. Looks like your play has turned real good for you, for now.