Direxion Daily Financial Bear 3X Shares (FAZ)

[fanglemeister]

At these low prices FAZ is basically a perpetual call option on the next leg of the financial meltdown.

These banks taking $25 billion handouts, needing $25 billion more to stay afloat, diluting like mad etc, while declaring peanuts for profits, the pundits call this a turnaround? LMFAO!

I really like the odds of this "bailout failure hedge" going green over the next few days, weeks or months. I grabbed a few dozen shares @ $9.52 as of Tuesday morning, target sell will be mid $20s, unless it seems obvious it will go much higher. Doesn't matter much to me if this happens next Monday or next July when the next batch of shitty quarterlies come out.