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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

Direxion Daily Financial Bear 3x Shares
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Comment by Cartman666on Nov 09, 2010 11:37am
142 Views
Post# 17680466

RE: RE: Looks like another Bull run today!

RE: RE: Looks like another Bull run today!Hope you're right, cause everyone else is calling for 1237 on the S&P before any downside... When the financials gapped up last week I shorted FAS at $23.65 - so I'm offside by 2 bucks... and worried that it gets uglier.. I'm gonna stick it out as long as I can stomach it... at least I have erosion working in my favor...
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Dealroom for high-potential pre-IPO opportunities