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 Stocksnchartson Jan 14, 2011 3:05pm

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Post# 17974475

RE: come to the auction

March 2009 FAZ trading over $1000. I liked high $11 for an entry. A little early now trading $8 - big deal. Not close enough?

You wouldn't be making such foolish comments if you understood how a leverage ETF works, and what is coming next. I'm not interested in daytrading the next moves.  Trip over the dollars to pick up the pennies?!!!

I understand why the mkt is slowly grinding up, and what will be the end result.

There are good people here too, but I find it amazing how so many have no opinion on the mkts and nothing constructive to say or add.  Why waste your time?

SC

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