Replies to post #745 on Direxion Daily Energy Bull 2X Shares (ERX)

[IL Padrino]

Thanks. That's what it seems like to me. Had a friend to tell me about this and my initial concerns are confirmed by yours and the previous poster.

I usually don't get involved with anything leveraged because I'm more of a buy and hold type investor.

[littlejohn]

ERX is way to invest in ultra cheap,

big oil company sector on

a diversified basis...


Plus you get more leverage

on moves...


Thinking the big oil companies

won't go back up is like

betting against society surviving...


And monthly dollar averaging in

doesn't require being perfect

on picking an entry...


So we watch...LJ

[rayank]

TRIPLED since your post and check all the ratings on the holdings like Exxon. :-)