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Direxion Daily Financial Bear 3X ETF Message Board

  • duydinh_t duydinh_t Sep 1, 2009 2:30 PM Flag

    I am told that FAZ will go higher

    and even though you do not want to sell your shares, put the shares on limit sell for 60 days at a very high price (eg: at 500/share). that way, people can not borrow your shares to short sell.

    True?

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    • Who ever gave you that advice is a smart cookie.... If this is a start of a correction it could last well into fall ziz zag, so I would not even watch it if you got in today or yesterday, it has a potential to skyrocket to $35.00 By the end of the week. But then it could give back some. Overall holding into fall could be very profitable strategy hopefully, although it is not recommended to hold them overnight by prospectus and you have to stomach the ups and downs, it a very quick moving etf. I'm holding here.... It is risky, but no risk no gain!

 
FAZ
15.54-0.42(-2.63%)Sep 18 4:00 PMEDT

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