Luck-o-the-Irish

Absurd Inverse and Leveraged ETF Product Whining (Updated)

No sooner said and Direxion announced reverse splits for FAS and FAZ today...


On Jun 29 02:09 PM Luck-o-the-Irish wrote:

> According to one provider, the bar set for reverse splits is around
> $2.50 per share (and a close maintained below that point for several
> days). I believe we saw the first "test" when Direxion just did a
> reverse split on their Daily 3x MidCap Bear fund (seekingalpha.com/symbo...),
> which was no where near zero, and not even that heavily traded in
> comparison to most of their other offerings. That appears to have
> gone smoothly, thus I would suspect we will see more and more reverse
> splits when these enter the single digits.