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Direxion Daily Latin America Bull 3X ETF Message Board

  • judge_smailes8 judge_smailes8 Jan 11, 2011 6:06 AM Flag

    2011 Prediction for LBJ

    I predict that LBJ will hit $70/share at some point during 2011. If LBJ hits 70, that would be a gain of about 72.4% from the closing price of $40.60 on December 31, 2010.

    I do not think this is an unreasonable price target and LBJ could even potentially go much higher than 70 if Emerging Markets really take off.

    As we all know, LBJ is structured to return 3x the daily returns of the S&P Latin America 40 Index. Last year the S&P Latin America 40 Index gained about 16.64% while LBJ gained about 19.50%.

    During the time period between December 31, 2002 and December 31, 2007, the S&P Latin America 40 Index gained a total of 668% and the annualized gain over that time period was about 50.7% per annum. During that time period, the lowest return for the S&P Latin America 40 Index was during 2004 when the Index rose 38.62%. An ETF providing exactly 3x the daily returns of the S&P Latin America 40 Index would have gained about 133%.

    If the hot money returns to Brazil and the rest of Latin America, it wouldn't surprise me to see a +30% gain in the S&P Latin America 40 Index. If that were to happen, LBJ could easily hit 70 if not 80 or higher.

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