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or buy PNC $27.5 or $30 April PUT, better option than FAZ. PNC's volume is totally dried up, from $16 to $30 in a matter of 1 week, it has to go back.
Too many FAZ lovers, and we know more pains ahead for faz lovers.
And don't get too emotional in frenzy buys of FAZ, do it step by step (say 10-20% every 2-3 dollars drop) if you already got trapped deep in it. Make sure you would still hold even if FAZ goes to $25.
You don't want your account to be wiped out by 1 poisonous stock.
Good luck is what we bears need. How many bears could still survive if SPY does go to 800 and above? A huge short squeeze would happen if we do pass 805. But maybe it won't be that bad, but we always need to prepare for the worst instead of the best. |
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