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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Comment by ellgaron Nov 30, 2010 9:14am

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Post# 17775339

RE: Short term

Hey SC, are you going to hold your FAZ positions through the whip saw back through 1200 ?
I'm a little worried the Friday's employment report will be spun to the bullish side, as a bear I hope I'm wrong and still holding but may unload some if SPX drops to a good profit for me.
I'm loosing my patience on the taunting of the bulls.

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How a junior advances one of the largest undeveloped diamond projects