Replies to post #742 on Direxion Daily Energy Bull 2X Shares (ERX)

[Toofuzzy]

I think you need to do some reading before even thinking of investing in this.

First of all it is not a stock. It is a fund.

Second it is a leveraged fund. That means that if the individual companies go down 50% this goes to almost zero.

Choose your poison carefully.

Not always
Toofuzzy

[zsvq1p]

If you hold ERX you will lose all your money. This tracks daily.

The reason it is down is because of mainly Exxon. They were dumped on the Index. But also demand and supply for oil.

This is only a flipper. Buy on dips and sell at highs. If you can catch it on a very low point and hang tough you might get a bagger..

You can see the holdings here..
https://www.direxion.com/uploads/ERX-ERY-Fact-Sheet.pdf