Direxion Shares ETF Trust Large Cap Bear 3x (NYSEMKT:SPXS)

CAPS Rating: 1 out of 5


Player Avatar ktrotter79 (99.94) Submitted: 1/23/2009 1:14:37 PM : Underperform Start Price: $1,906.00 SPXS Score: +237.96

Bad news has battered the market and it is time for a rally. I recommend shorting this etf. Over the long term the expenses of this etf alone will eat away at gains. A combination of this and the fact that at some point the market will move higher will result in this etf under-performing dramatically.

Member Avatar herbs814 (< 20) Submitted: 8/4/2009 4:23:19 PM
Recs: 0

rally likely to continue for about 6months... sp500 target around 1200-1250 (62% retracement of 2007-2009 plunge)... after that, look for the downward C to shave another 50% off S+P... S+P 600 or lower (~2011-2012)

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