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Message Boards Settings Direxion Mthly Latin America Bull 2X Inv - Quote Info
Buying Opp in the making!...     17-Feb-09 07:18 pm    
Well, here we are again in another market dip. Is it a good time to buy? YES! Just don't buy it all at once, since it could go lower still. I for one opened a position today and will add to it as (if/when) prices go down.

My logic? DJI is visiting the Nov lows, while the Nasdaq and S&P are resisting but could be there too soon, therefore confirming a downside bent. If that happens, the DXZLX will follow them lower.

On the other side the lower it goes the least likely it is to go much lower, so there is less risk in buying and more potential for an upside - good reasons to buy.

This is my logic for a short-term play, but this is also a good time to consider a smallish longer term position. Since I expect us to revisit this level several time this year, I believe there will be other chances to buy. However, since I can't be sure, opening a fractional position now is the way to eventually profit from this drop by locking in these prices.


Sentiment : Buy
Rating :
 (2 Ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

mr_mourao

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num aviao q...


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  Subject Author Rating Time of Post (ET)  
 
Buying Opp in the making!...
mr_mourao (2 Ratings) 17-Feb-09 07:18 pm  
 
To be clear, yesterday I started a long position, ...
alluring_st... Rate it 18-Feb-09 07:21 pm  
 
I agree! As much as it hurts to see my initia...
mr_mourao Rate it 20-Feb-09 01:05 pm  
 
QUOTE OF THE WEEK: As Jeremy Grantham observes,...
mr_mourao Rate it 20-Feb-09 08:41 pm  
 
I agree that this is probably a good buying opport...
ronkk43 Rate it 21-Feb-09 11:56 am  
 
Well, good luck with timing the market! ...
mr_mourao Rate it 22-Feb-09 01:33 pm  
 
I'M BUYING SOME MORE TODAY! If the market holds...
mr_mourao Rate it 2-Mar-09 12:38 pm  
 
Cool! Got it at a cheap $12.99!! Now I'm just...
mr_mourao Rate it 3-Mar-09 01:21 am  
 
I'm hoping to add, but don't have any li...
crosst12 Rate it 4-Mar-09 06:03 pm  
 
Careful, now! The very oversold...
mr_mourao Rate it 5-Mar-09 01:08 am  
 
There's no telling when this m...
odyssey0800... Rate it 5-Mar-09 08:42 pm  
 
Absolutely, thanks for that:)
crosst12 Rate it 6-Mar-09 08:58 am  
 
SOLD ALL ON FRIDAY AT $17.11 for a 32% gain in...
mr_mourao Rate it 14-Mar-09 08:51 pm  
 
LOL. Good place for the cash these days.
odyssey0800... Rate it 14-Mar-09 09:32 pm  
 
Be very careful!! You might blow your head o...
flerpie Rate it 29-Apr-09 07:35 pm  
 
As they say - timing is everything. Both...
ronkk43 Rate it 6-May-09 10:32 am  
 
lOOKING GOOD!!!! Yesterday DXZLX c...
ronkk43 Rate it 2-Jun-09 10:22 am  
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Direxion Mthly Latin America Bull 2X Inv (DXZLX)

Chart for Direxion Mthly Latin America Bull 2X Inv (DXZLX)
On Nov 27: 55.87 Down 2.29 (3.94%)
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