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Stockchase Opinions

Vinny CatalanoDirex Financial Bull 3x E.T.F.FASBUYMar 25, 2009

Financial 3X Bull. If you want to make a big bet on financials, this is the way to go. Key thing to remember with double and triple ETFs is that there is a compounding factor that works favourably when there is a trend, either up or down. Good speculative play.
$6.58

Stock price when the opinion was issued

$144.88

As of Jun 12, 2026. Market Open.

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SELL ON STRENGTH

Take your profit and run. U.S. banks are a good sector on a bull run. This ETF gives you three times the leverage, the closest you get to an option in an ETF. If you make a profit here, take it. This is a short-term play, buying the banks on margin, really.

RISKY

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.

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.

DON'T BUY
3x makes him really nervous. Doesn’t like it.
DON'T BUY
FAS/FAZ pairing. Doesn’t recommend.
DON'T BUY
Financials ETF. Not unlike going to a casino. At 3X it is going to go up and down like crazy. Highly speculative.