Direxion Daily Energy Bull 2X Shares (ERX)

[IL Padrino]

Yes, I understood that. I was basically just asking what are the pros, cons, and forecast, due to me just starting to look at it. Figure I'd ask people who've been around for a while.
From what I see, besides being 2x leveraged, and the market tanking, I don't see any particular "negative" reason for it being at $9 and think it has potential to get back to last year's SP if oil returns to $100/bbl

First of all it is not a stock. It is a fund.

Second it is a leveraged fund. That means that if the individual companies go down 50% this goes to almost zero.