StockFetcher Forums · General Discussion · THIS is making me VERY Nervous<< 1 2 >>Post Follow-up
karennma
6,821 posts
msg #76537
Ignore karennma
7/16/2009 10:39:08 AM

WHY do I think of Bernie Madoff, everytime I think of Direxion?
Actually, in retrospect, Direxion ETFs kinda work like a Ponzi Scheme.


karennma
6,821 posts
msg #76540
Ignore karennma
modified
7/16/2009 10:54:00 AM

Speaking of math ....
according to my calculations, if FAZ doesn hit $59.50 within the next 17 days, it won't EVER go above $60.
It'll just keep going down.
(my math is kinda weird tho', so we shall see)
;>)


kahern1014
13 posts
msg #76660
Ignore kahern1014
7/19/2009 6:37:19 PM

karennma:

would you be so kind to share your math regarding FAZ. I have shares that I have been holding waiting for the correction. How can banks been in dire need of gov't funding one minute, and 6 months later they are profitable? Gov't propping up the system? My email is kahern1014@hotmail.com. Thks.

luc1grunt
622 posts
msg #76661
Ignore luc1grunt
7/19/2009 7:15:37 PM

both will creep down over time due to compounding and decay.

alf44
2,025 posts
msg #76672
Ignore alf44
7/20/2009 9:37:55 AM

...luc, maybe Direxion should create Inverse ETFs of their Inverse ETFs !!! lol


Regards,

alf44


StockFetcher Forums · General Discussion · THIS is making me VERY Nervous<< 1 2 >>Post Follow-up

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