Replies to post #12304 on Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

I believe that all the way, this is a trading tool. As an investment it's clearly a POS, no doubt about that whatsoever.

Now having said that, I am holding long shares in FAS, and FAZ puts overnight hoping for RIFIN to gap up in the morning.

I think it's real reasonable to see RIFIN back to 850 very near term. At that level I'll begin to worry again. But I think it's safe to say that it has overshot the current bottom.

It's just what I think.