Replies to post #4923 on Direxion Daily Financial Bear 3X Shares (FAZ)

[stock2windaily]

Look at the chart - $20.00 looks easy in the next leg of the bear market! $30.00 isn't that far off!

[MorningLightMountain]

I agree that some of the price targets are "enthusiastic", but they are certainly POSSIBLE.....if you doubt it, look at historic prices, how was that obtained????......FAZ is a 3x inverse of the fin index, if the index again reaches similar lows, FAZ should react according......(minus some ETF erosion, of course)....

PS: as a trade off for the erosion, unlike a normal short position there is no worry about losing more than 100% of your investment.....