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9 pts

Opinion on  Financial Bull 3x (FAS)
FASB Announcement Change Mark to Market!

Apr 01, 2009 02:15 PM GMT
0_vader
Return Risk
+5.35% LOW
Principal

The FASB will be making an announcement on Thursday around the market open regarding a change in accounting rules regarding valuing the toxic loans on banks balance sheets.  If they either rescind or change this rule, we should see the banks and financial stocks advance. 

This new rule will be effective for the first quarter 2009 reporting.  So the effect will be immediate and be reflected in their quarterly financial reporting which will be occuring over the next 4 weeks. 


FAS:  This call was made on 04/01/09 @ $5.12
Rating:   Positive   $5.12 (04/01/09)
Closed:   04/07/2009 @ $6.27 (+22.46% in 6 days)
Target:   $8.00 (+56.25%) in One month


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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 21.10 +34.36% 531
2 18.14 +36.28% 286
3 17.66 +23.07% 83
4 13.47 +13.37% 69
5 12.13 +132.16% 102


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Financial Bull 3x (FAS)
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