The investment ETF(FAZ, 26.92)seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000 Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is non-diversified. Buy it at $25.81-26.92, sell it at $39-40 and stop loss at $24.79
Legal disclaimer: Mr Yuan is holding the above securities in his managing accounts. He may do the opposite of buy or sell (short) the above securities according to their reaction after his recommendation. You must use your own judgement to buy or sell (short) the above securities as suggested in this note. Our information is believed from reliable resources but not guaranteed and past performance is not guaranteed for future results
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