Replies to post #719 on Direxion Small Cap Bear 3X (TZA)

[FAILURE TO DELIVER]

Gee,I was hoping you would figure it out for yourself,but it seems I must explain.
That particular buy of mine at $11.62 you were referring to is a 3X reverse
fund for the Russell 2000 and has nothing to do with the price of oil.

I am currently up $2K on that trade and I don't worry about the SEC shutting it down nor am I concerned with dilution.It does have certain issues but I won't bore you with that.

My reference to the price of oil is two fold.
1: The plunge in oil price is going to create financial hardship in the world which I think the market is currently ignoring.
2: Oil is priced in US $ and with the dollar on the rise this also creates problems for countries who were used to cheap money that is now drying up.

There's more,but that should be sufficient.

FTD

[FAILURE TO DELIVER]

I love you too!!!
FTD