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Direxion Daily Financial Bear 3X ETF Message Board

  • ihawk38 ihawk38 Jul 3, 2009 12:07 PM Flag

    HELP! What should I do with my faz?

    Need some honest opinions. I'm in faz at 5.20. I'm leaving for a trip to Montana next Wednesday and probably won't have acess to a computer to keep an eye on it. I'll be back July 18th so I'll miss 8 trading days.

    I think faz will make me a profit in the coming days but don't know if I should set a sell stop and at what price since it's doing it's reverse split. I'm thinking about not worrying about it but if this market starts tanking quickly faz could also rocket higher quickly, i.e.....look at faz's MACD and what it did when the MA's crossed above the centerline which is close to happening now with faz. So if this happens I'd like to be able to sell. Maybe I could do multiple ladder sell stops splitting the shares I have but then again I don't know at what prices because of the darn split.

    If your reading this Upla I would like your opinion on where faz is heading and what I should do.

    Thanks everyone and have a good Fourth.

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