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 Aug 03, 2011 2:51pm

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Post# 18900153

RE: RE: strange

Boy, strange is right. What are you up to Beach? Just kidding lol. Actually, I took a lot of flack early this year, and deserved most of it for a bad call. I have no hard feelings, just looking to turn some profits.

I have enjoyed this year, and I like this kind of choppy mkt. I was too early on the Silver/Gold short play, and so have had to regroup, but imo it is going to be great. Fundamentals are improving all the time for the PM's, but the timing is not right imo.

Gold looks to be really close to topping imo, but Silver may reach $44-45 imo over the next week or so for an optimal short entry. I'm keeping powder dry for that, and plan to short heavily if/when it get's there.

Everyone has different strategies and timeframes, and also agree everyone should carefully consider what makes sense for themselves. Shorting metals is not for everyone.

SC

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