Replies to post #12307 on Direxion Daily Financial Bear 3X Shares (FAZ)

[z4lover]

you better hope there is a lot of talk about this...

"US Senate Votes No on IMF Aid to Troubled Nations"

http://www.cnbc.com/id/37204698

although really this doesn't do anything to the financial system... which is looking stronger today imho

[Porgie Tirebiter]

RIFIN would have to drop well below 800 for FAZ to see $15 again. That's asking a lot. RIFIN is looking seriously oversold for the near term. And for the long term, FAZ at $15 will take a much lower number on the RIFIN. In other words, it gets harder and harder for FAS or FAZ to ever reach previous levels as time goes by.

http://etfdailynews.com/blog/2010/05/17/the-direxion-financial-bull-3x-etf-fas-is-looking-oversold-bear-etf-faz-overbought/