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 Aug 07, 2011 1:33pm

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Post# 18913473

RE: RE: RE: RE: RE: RE: Black Monday?

I agree with all of those fundamental points, but I just see that the timing is not right - not even close. I haven't looked at a target for FAZ specifically yet, but judging from my S&P charts, I would say it is under $30.

Very good idea to keep a hard stop in at all times. Importantly regarding stops, most brokers are set up to use limit stops. The price can (and does) gap over these stops without the stop triggering. Always specify with the broker to use stops that sell at the market when triggered.

"There is nothing to fear but fear itself" Let this unprecedented bubble finish it's last act....

SC

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