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Direxion Daily Financial Bear 3X ETF Message Board

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  • quailrunrd quailrunrd Sep 1, 2009 4:09 PM Flag

    To the pros on this board

    I bought FAZ at 26.60 12 days ago on the belief banks were way overvalued. Purchased FAZ 3 more times since then without selling anything because value looked better and better. The price right now does not suggest the banking sector looks any better today than 12 days ago. I would not consdier selling below $30 and certainly would hold overnight.

 
FAZ
33.71+0.11(+0.33%)Jul 27 4:00 PMEDT