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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 21, 2010 9:28am
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Post# 17121211

For the Traders

For the TradersThere may be a chance to lighten up around $18 with a drop back down to around $16.5 for re-entry.  This should work but again the big picture is that this market has lower to go so buy and hold conintues to be a good strategy for those who aren't into trading the small moves.

Trading this market is tricky and it's easy to mess up the trades.  Don't complain if you go to the washroom for a minute and mix up the trade, or sleep in, or your computer needs rebooting...  Get the picture?

SC 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities