Direxion Shares ETF Trust Large Cap Bull 3x (NYSEMKT:SPXL)

CAPS Rating: 1 out of 5

Recs

7
Player Avatar ktrotter79 (99.95) Submitted: 1/23/2009 1:40:42 PM : Outperform Start Price: $7.29 SPXL Score: +844.24

I am not sure we are at the bottom, but I am sure that we are very close. I am recommending a long position in this etf. Every time there is a 10% drop in the index you should buy, and every time there is a 10% increase in the index you should sell. I do not recommend purchasing and holding ultra etfs long-term. The fees are simply too high. Play the trading range and don't get too greedy.

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