Replies to post #13127 on Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

It's OK. You had seemed to express some doubt that FAZ could fall below $8.00 or $7.50. But you shouldn't doubt that it will. It's a mathematical certainty that it will, and then it will be R/S'ed again.

And so will FAS at some point.

But that's not a bad thing. These can't return a daily 3X without sacrificing long term price. It's just how they work.

This paper is not a lot of fun to read, but you should at least understand the concepts before buying FAZ or FAS. http://www.direxionshares.com/pdfs/DS_Paper_011210.pdf