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Direxion Daily Financial Bull 3X ETF Message Board

  • theaynrand theaynrand Apr 10, 2009 3:36 AM Flag

    ANYONE TALKING OF SELLING AT LESS THAN $20 PER SHARE

    Doesn't really know what they are talking about.

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    • take profits on the way up or sell at the money covered calls, this is a deteriorating asset that depends on consecutive days of one direction in order to achieve meteoric results.

      It is NOT a stock. It isn't a fund. Read the prospectus and understand what you are dealing with.

      Think of it as a tracking option with deteriorating value, at warp speed in both directions.


      Ask the folks at FAZ.

      Another bank report that misses instead of hitting out of the park, it reverses.

      You don't have profits till you take them.

 
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