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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

Comment by Libertygon Jun 05, 2009 11:24am
201 Views
Post# 16046997

RE: RE: RE: RE: RE: Today

RE: RE: RE: RE: RE: TodayThats the problem. It's weighted against you to hold it long term. If the market were to completely tank i would then hold it and still trade it on spikes. But in a see-saw market FAS, and FAZ are losers. You could short both of them and over time you would have made money regardless. I never considered them investments but simply a short term hedge against my longs. I do trade both fas and faz at times. It could reverse split and if so and i had it i would dump it right away as it would then move much faster if 10:1. It's a trade in my eyes but on corrections i have held it for as long as a week always ready to dump it.
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