Followers | 101 |
Posts | 15355 |
Boards Moderated | 3 |
Alias Born | 12/06/2008 |
![](https://investorshub.advfn.com/uicon/138035.png?cb=1536931479)
Monday, May 17, 2010 2:03:53 PM
It attempts to track the inverse of this index 3X, less expenses and fees. It is important to know that this is a Daily performance, and that both FAS and FAZ suffer miserably when compared with the cumulative moves of the RIFIN since inception.
http://www.direxionshares.com/education_literature.html
I've put some info together in the FAS i-box if you care to educate yourself as to what FAS and FAZ really are: http://investorshub.advfn.com/boards/board.aspx?board_id=14535
You can't lose more than you invest, unless of course you are buying on margin. And for most brokers, margin requirements are quite a bit stiffer than most stocks, so you need to have a heads up on that to avoid a margin call if you get a strong move against your position.
In my own brain, FAS and FAZ are the exact same thing, although they are actually constructed quite a bit differently.
FEATURED Element79 Gold Corp Provides Update on Nevada Portfolio • Aug 23, 2024 8:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM