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Direxion Daily Financial Bear 3X ETF Message Board

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  • watanabekenneth watanabekenneth Apr 23, 2009 6:09 PM Flag

    FAZ going to $100 tomorrow!!

    FAZ can move way more than +75% in a day. It's a 3x etf.
    That means if the bank stocks drop 30% tomorrow, FAZ goes up 90%! If the banks drop 50%, FAZ goes up 150%!

    Plus there is also the compounding effect. If bank stocks drop 20% in one day, FAZ goes up 60%. Then if they drop another 20%, FAZ goes up another 60% from its new price. The net gain would be +156%! Theoretically, FAZ has no upper limit. The only problem - bank stocks have to drop.

 
FAZ
35.56+0.10(+0.28%)11:23 AMEDT