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Direxion Daily Financial Bear 3X ETF Message Board

  • rbg5r rbg5r May 20, 2009 12:21 AM Flag

    I think FAZ an FAS buyers will be happy only when

    both are zero. an thats coming.

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    • ddd

      Sentiment: Strong Buy

    • I'm with you ; Ive been short both since exactly 9.55 on each. I wish I had gotten in sooner but better late than never.I was begining to get scared that the trade was getting over-crowded but Im not convinced it would even matter.What I find absurd though is that people say its a scam. It is not a scam you get what you pay for; this is meant as a daytrading vehicle and from that prospect it works great. I don't even think they have to necessarily go away. Their value will always decrease through time but they simple would have to do a reverse split to reset the pps (rs wouldnt even affect the pps in this case like it would with stocks). Even for those who hold long its ok but they have to understand it is a specific bet on the number and size of consecutive gains vs. losses which becomes increasingly harder to sustain as time passes.

 
FAZ
11.260.00(0.00%)May 22 4:00 PMEDT