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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Comment by Dyoung11on Apr 23, 2009 12:41am
213 Views
Post# 15938191

RE: RE: RE: RE: Buy and hold?

RE: RE: RE: RE: Buy and hold?Depends on your personal risk tolorance Bandit. The markets are very un predictible lately, to much government intervention.
Trading this is a very fast game, if one is not well versed, one could fall victim to serious losses quickly. No one has ever gone broke by taking profits when they present themselves so by all means, do so if you wish.
On the other hand, for now this rally is very due for a correction and will most likely do so very soon so if you find yourself down, don't panic, as i've said....this is a fast mover.
There are never any garantees with these ETF's, again, you must consider your own risk tolorance and never bet the rent money!
Lots of luck to us all!
Cheers!
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