Direxion Daily China (YINN)

[Bobwins]

Just bought some shares of YINN based on recommendation from Steve Suggerud, newsletter writer of True Wealth. He is very optimistic about large cap Chinese tech stocks, including 10 cent, Baidu, etc. Thinks upcoming inclusion of Chinese stocks in MSCI indexes will generate huge stock buying for these stocks. Also predicting that huge rev growth for the big name Chinese stocks will continue as their domestic economy increases in importance versus exporting.

So far so bad. YINN is leveraged so goes up and down 3X faster than underlying index. Bought at 19.97 a couple of days ago and it's sold off since.