Direxion Daily Financial Bear 3X ETF Message Board

  • motleyvee motleyvee May 21, 2013 2:01 AM Flag

    FAZ is not even worth day trading

    I don't get you silly longs. FAZ simply is too high risk to trade. There are many on this board who ignorantly say that FAZ is only a day trade. Really?? The market can turn in a second and banks have been in an uptrend for months now. Why don't you simply go long FAS or the banks and eliminate the downside risks? Stocks always go back up, ETFs like FAZ can go down forever. I assume many of you got long, then got trapped in FAZ and stayed in it hoping it would turn, and it didn't. There will be another reverse split in FAZ. Shares are basically worthless if you've been holding FAZ.

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FAZ
41.94-3.41(-7.52%)Jun 28 4:00 PMEDT