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.

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Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Mar 15, 2011 12:50pm

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Post# 18287827

RE: RE: Back in FAS

Yes I was in FAS, and bailed on it. Took the loss. It wasn't that bad, and I had many great trades as posted over the last month in both FAZ and FAS, and so I can't complain.

It has been an unusual situation with Japan. The charts were oversold and I was looking for a bounce, but instead the Japanese situation deteriorated overnight. It happens. My charts can only narrow the probabilities, but I certainly can't predict natural disasters.

SC

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