karennma
8,057 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.
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karennma
8,057 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)
;>)
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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.
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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.
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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
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