Direxion Daily Financial Bear 3X Shares (FAZ)

[stock2windaily]

I disagree with D K - sorry. - of course I could make a squiggly line chart going up - but I don't have the time to right now.

If the banks begin to go down - FAZ will reflect it - the faster and longer they go - the quicker the price will reflect it.

Look at this example:

$6.00 Faz goes up 10% = $6.60
$6.60 Faz goes up 10% = $7.26

Continue this for multiple days - and 10% becomes more and more money.

If FAZ reached $40.00 - 10% = $44.00 - a $4.00 gain instead of $0.60 in the $6.00 example.

The reason for deterioration is that the banks have all rallied.

FAS went down to $2.98 and people were all saying it would go to pennies - it has increased almost 3x in a very short time. Not 1 bank has increased 3 x's in that same period. That's a 3 bagger in my book! Only way it would be a 3 bagger - is by holding it! Flip all you want - as for me - I will ride this sucker until the DOW is 6,500 and the banks stop diluting there common shares.