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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

Direxion Daily Financial Bear 3x Shares
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Post by Stocksnchartson May 05, 2010 5:19pm
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Post# 17066933

That was a fun day!!

That was a fun day!!Took some profits.  I feel the bulls will try to mount a rally again in the short term.   The big picture looks great for FAZ though and I think it has a ton more room to move up over a month or two. 

$15-16 looks possible in the next week, but FAZ may drop back a little first.

As I figured Spain, Greece, Portugal are blowing up.  There are a lot of other negatives for the market right now, and really stock prices are ridiculous any way you look at them.

Still not many posters here.  I guess everyone is still married to their stocks - just a little pullback lol.

SC        

 
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Dealroom for high-potential pre-IPO opportunities