FAS Financial Bull 3 x ETF Message Board

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Non-Tech : FAS Financial Bull 3 x ETF

FAS 160.60

+0.5%

Oct 31 5:00 PM EST

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To: Scoobah who wrote (6)	11/16/2011 1:57:35 PM
From: John Anderfuren	Read Replies (1) of 18

Trading account is up 30% for the last 12 months, faz to fas has not been a source of gains and I agree the European bank and sovereign debt has made them less then helpful as a means of managing Tarp warrants value. I have over the last 12 months shifted to specific warrants as opposed the broad diversification. Concentration has been to Signate New York and Valley National warrants with adds on weakness. I have traded out of BAC "l" over par and a few weeks ago rotated back in at 765.00. At this price the yield is over 9% and looking forward to selling at par again for a 30% profit. Did well on the mtw fall to below 7, but got burned on the hek warrant where I could not raise the funds to convert all holdings. Those I did did get me back to even, the rest lost me 17K.

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