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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 ellgaron Sep 24, 2010 4:57pm
156 Views
Post# 17490709

RE: I think

RE: I thinkThis is not a stock so in and out is how you want to play, if you think the US financial sector is due for a pullback then this is where you want to be. Unfortunately timing is everything so I feel the pain & frustration for FAZ holders, this market is reversing all trends & logic so caution rules.
I would think from here we should see a small pull back next week but I've thought that before and was wrong so we'll have to bite the bullet & wait and see.
   thought for the weekend:     What goes up will eventually come down! 
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