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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 27, 2010 6:40pm
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Post# 17138305

Load up for a trade

Load up for a tradeGreat entry today.  Scooped up some in the 14's, and I'll be topping up more tomorrow.  I think there may be up to another 50 cents downside from here tomorrow and then FAZ is ready for another nice run up.  I'm looking for $16 next week.  After that there probably will be another rally for the markets, and FAZ will drop back to a fantastic entry point about mid-June. 

The big picture is still the same, and it's not pretty.  The largest part of the crash is still ahead of us and it's not far away.  I expect the next larger leg down to start in mid June.  Based on the way this market is acting I think the next leg down will be worse and longer lasting than I thought.     

So we have several weeks to trade the swings and prepare for the crash. 

SC          
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Dealroom for high-potential pre-IPO opportunities