Direxion Daily Technology Bull 3X Shares (NYSEMKT:TECL)

CAPS Rating: 1 out of 5

Recs

6
Player Avatar ktrotter79 (99.95) Submitted: 1/23/2009 1:42:16 PM : Outperform Start Price: $8.96 TECL Score: +795.54

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.

Member Avatar zk116 (99.98) Submitted: 2/18/2010 8:20:36 PM
Recs: 0

do you know what the fees are? or where I can find them? They are far less than mutual funds, correct?

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