Direxion Daily Financial Bear 3X Shares Message Board

What you are missing is compounding on the way up. Financials won't just go down 100% in an hour. What happens is they go down 10% day after day and FAZ compounds at each move down. And no, if financial go down 10% a day they won't be zero in 10 days. This is very VERY basic math you should know better.

FAIL! If financials down 100% FAZ would be over $5000!!! No kidding I have a computer model that does the combounding.

and what of TZA, QID, and other short stocks...they just all die away?

only if it happens in 1 day

More likely FAZ will be penny stock soon. Financial institution are getting better, economy will recover, that will spell the end of FAZ.

Then why was FAZ over $100 earlier this year? You're a real math wiz by the way

you're not very good at math... it IS possible to get to $15.

If RIFIN goes down 3% 13 straight days FAZ would be $15.33.

That's not likely to happen, but don't say it is NOT possible.

BOD 3.0% Chg EOD
1 5.00 9.0% 0.45 5.45
2 5.45 9.0% 0.49 5.94
3 5.94 9.0% 0.53 6.48
4 6.48 9.0% 0.58 7.06
5 7.06 9.0% 0.64 7.69
6 7.69 9.0% 0.69 8.39
7 8.39 9.0% 0.75 9.14
8 9.14 9.0% 0.82 9.96
9 9.96 9.0% 0.90 10.86
10 10.86 9.0% 0.98 11.84
11 11.84 9.0% 1.07 12.90
12 12.90 9.0% 1.16 14.06
13 14.06 9.0% 1.27 15.33
14 15.33 9.0% 1.38 16.71
15 16.71 9.0% 1.50 18.21
16 18.21 9.0% 1.64 19.85
17 19.85 9.0% 1.79 21.64
18 21.64 9.0% 1.95 23.59
19 23.59 9.0% 2.12 25.71
20 25.71 9.0% 2.31 28.02