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 Mar 03, 2011 9:02am

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Post# 18224149

RE: RE: RE: RE: held

I made the switch to FAS right before the bell yesterday.  Just a short term trade for me in FAS.  I think it is going to $34. I will switch back to FAZ at that time around $37.05. FAZ should rocket from there.

Nothing wrong with sitting in FAZ and waiting for the big move (coming soon).  I am confident that I have the right pattern in play so I am taking full advantage here of the swings.

I am loving this volatility. This is great!!!

SC

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