EDZ was recommended by The National Investor at $12.35 in Investment Digestissue 716, dated April 4, 2012.
“We advise that you take your lumps and SELL the Direxion Daily Emerging Markets 3X Bear Fund (EDZ, $10), in which we’ve clearly overstayed our welcome, and given back the trading gains in this fund from earlier in 2012.
“It is not wise to wait any longer here for what should happen, especially with sentiment turning now so much in favor of the idea of China being a bargain, as well as a rebound story. That story is dubious, to be sure, but for now, we’d best get out of the way. In the near term, we might do much better playing a bounce in materials stocks that might come in early 2013, and wait to modestly play the short side until later, once the rally that traders seem to be itching for has played itself out.”
- Chris Temple, The National Investor, December 7, 2012