Opinions
Daniel Straus
Direx Financial Bull 3x E.T.F.
FAS-N
RISKY
Jun 29, 2017
$49.530
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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COMMENT
A leveraged ETF on financial stocks, which would have done very well since the election. Financials have come off a bit now because some of the regulatory changes the president wants to get through may not go through as quickly as expected. This is designed as a short-term investment, and is not a position you hold for a long-term. He would move out of it or reduce exposure once you have got some of your profits. Think of this as a trading vehicle.
E.T.F.'s
Triple leveraged ETF on financials. It would raise a red flag because of the leverage, but it is just like call options or derivatives. It resets every day. This is a short term thing – monitor it every single day.