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 18, 2011 3:35pm

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Post# 18307459

RE: Time to bail FAS

It might be best to take small profit on FAZ. Things are happening slower than I thought!

I might be too early on this call for FAZ just looking at the chart. That would be especially true if things settle down this weekend. That would mean the optimal spot for FAZ would be lower and mid next week instead of early in the week as I was thinking previously. Then the mkt plunge would be even larger afterwards.

I'm going to play it safe and wait in cash, and review this weekend.

SC

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