Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

I've been trading these (FAS/FAZ) for well over a year, both the underlying and the options. Intra-day is really the key. Both are reset on a daily basis, and are designed to reflect the movement of the RIFIN on a daily basis only. They both decay in value compared to the RIFIN over time.

There is good stuff here, poke around: http://www.direxionshares.com/tools.html

I've posted some D.D material in the i-box here: http://investorshub.advfn.com/boards/board.aspx?board_id=14535

The biggest mistake you can make with these is to buy them in anticipation of a certain scenario, ie; "I'm buying FAZ because the world's financial system is about to collapse and I will be rich!" That's lunacy. These funds will clean your clock.