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Direxion Shares ETF Trust - Direxion Daily Latin America Bull 3X Shares Message Board

  • mgiuseff mgiuseff Feb 19, 2012 10:47 AM Flag

    Hold going into Olympics

    That's 2016, another four years. LBJ should double or triple by then. Keep LBJ as part of a diversified portfolio. LBJ reminds me of Lyndon Baines Johnson, who was heavily involved with the Vietnam War, and the Great Society. When the economy finally recovers LBJ will lead us out of this recession.

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    • I would rather trade LBJ than hold it long for four years. Really weak volume in this ETF, not good. Result of their stupid 10-1 reverse split. killed off the volume.

      • 2 Replies to redtopper2
      • I think you might be right. I sold out a few days ago. Good luck to everyone. Expect a lot of volatility this year.

      • I agree that holding LBJ for four years is a risky strategy because if Latin American stocks crash at any point during the next four years, the gains (if any) from holding for that length of time would be minimal.

        If someone thought that Brazil was going to rally over the next four straight years, the Proshares Brazil 2x ETF (symbol UBR) would be a better hold for that time period. If Brazil stocks rocket over the next four years, a position in LBJ would come out way ahead of a position in UBR. However, because UBR has only double leverage instead of triple like LBJ, UBR would perform better if there is a bear market/crash at some point during the holding period.


        I agree with redtopper that LBJ's volume is pathetic and the reverse 5-1 split certainly didn't help things. Ironically, LBJ's volume actually did increase substantially right after the reverse split, but it has been very weak lately.

 
LBJ
35.436-2.284(-6.06%)Jun 29 4:00 PMEDT