Direxion Daily Mid Cap Bear 3X Shares (NYSEMKT:MIDZ)

volatilitydecay (30.17) Submitted: 2/7/2009 10:27:52 PM : Start Price: $1,841.10 MIDZ Score: +50.85

My intention is to showcase/prove that Leveraged ETFs are inappropriate for any Medium-to-Long term Investment strategy - and are only suitable as EXTREMELY short-term "market timing" trading vehicles.

I am starting this profile with the "Ultrashorts" being LONG (ie Green) because I believe VIX has another destiny with 75+ left in it....I will hopefully be closing these and converting them to RED at that time- which would be TRUE "Volatility Premium Decay" play

Hence currently this side is a "Volatility Rising" strategy - Hence top picks VXX,VXZ

The Ultra side ( ie Long ETFs) I am putting them into full scale 5Y REDs.