Direxion Daily Technology Bear (TECS)

[A320CA]

Pretty interesting chart on AAPL. We'll see.
Just wondering what the FaceBook IPO will do to this Tech Bear. I'm assuming that FB will be included in TYP - how much weight? Apple's market cap is mid-500's. FB will be around 95B to start, might be another weight on TYP. Or it brings down AAPL even more by funds, individual traders gravitate towards FB. All hypothetical and most likely will not sway TYP that much, but look at how much AAPL swings TYP - add in FB at 1/5th the size. Not too many companies can boast a 100B market cap in an IPO.

My timeline to get out of TYP is 5 weeks - hopefully. We're off on a sailing trip in the BVI's for 2 weeks....NO INTERNET!! NO PHONES!! Makes it a little tough to trade. I'll have to set a some stops and limit orders. If it works out, I'll be out of all three.

Tomorrow should another interesting day.

RLB