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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)

NYSE
Currency in USD
Disclaimer
8.630
-0.240(-2.71%)
Real-time Data

DRIP Comments

https://www.investopedia.com/articles/investing/032615/how-etf-arbitrage-works.asp this etf had been overpriced. the etf was trading at 600 but the nav was only about 300 hence it was trading at a premium. market manipulators waited for it to peak and then crashed it. what I don't understand is why they did it yesterday. if they held it till end of day it could easily have been 800. then they can crash it today.
DRIP is supposed to track at 3X inverse of the S&P Oil & Gas Exploration & Production Index, which was down 14.37% today.  Accordingly, DRIP should have increased by approximately 43% today.  If anyone knows the reason for this variance, please enlighten me.
Please do so for me as well.
ETF’s are said to be dirty or crooked; I know see why.
Can anybody explain why it is going down sharply when both the market and the oil plummet?
I dont understand either...
Can anybody explain why it is going down sharply today, when both the market and the oil plummet?
insane day on Friday. need a 50% recovery just to hit the 600s. should hit by Tuesday.  think there should be no further easing possible by tues and wed so should be safe to wait till then.
or tomorrow bro.
what a stinker. after the rout yesterday the markets will likely rebound today before resuming the crash. think this will only hit back previous levels by end month.
wondering how its going to move on Monday
could 700 be the peak for this thing?
i think this is a dead cat bounce though. Russia is specifically targeting this group of companies   so will hit back 650.... but there will definitely be some recovery in between.
yup more than 7% gain in oil and this thing is still going up.
I see a revisit to 600 by end of week.
650 to 330 in one day wow
Unreal panic
dropped from 650 to 479 in a heartbeat
bull Monday. good job who keep on weekend
exited at 200, looking to re-enter at lower keeping in mind OPEC meeting.
well this is unexpected. totally missed out on a 25% gain
I bought at 250 and sold at 280.. anytime Russia comes to a deal this can go down 30-40% in a day/ be careful
 totally agree. you can earn 100% today, but a 100% drop tomorrow will still wipe you out. play carefully everyone.
hmm markets are all green but this thing is going up. not that i am complaining but this thing confounds me.
Shorts are in control... for now.
woah now my position doesnt look so good now.
think I will enter at the open today and go for a one day ride.
ok this is madness. I got in at 138 and exited at 10% profit (set the sell target just before I went to sleep).  think I will try again today to enter at open and just hold it. to think I was considering entering gush a few days ago when the rate of infection started slowing in China. I think the spread rate is going to skyrocket in Europe: utter lack of preparedness, open borders and no way to realistically shut down cities like China.
entered 195 today
good job
Wawe.. all time high.. never thought it will reach $141.99.. Sold too early.. feel bad or unlucky.
Entry point already missed, but any thought if its still a decent rate to enter? Given the coronavirus impact still gonna be in place for a while?
i am playing this tactically now. just exited yesterday at 122.24 anticipating a dip but this thing keeps skyrocketing. think might re-enter if there is any dip to the 120s. there might still be some space to run for this when china revealed the real economic damage due to the virus.
still deep underwater but waiting to see daylight. i resolve to only daytrade this thing in future too much uncertainty to hold overnights
another day of sadness :(
targeting sale at 74-75 hopefully, cutting losses.
Sold 91.50. gush broke 1 year low. Think there might be a bounce back soon so took profit
exited gush at 3, holding 79.6 drips
holding some 82s
exited at cost for rebalancing.
DRIP $84.00. GUSH $2.88
holding some 90.30s. very risky. lets see what eia says
exited 89. watching for repricing
... good decision.
entered 85, exited 85.50
was thinking to enter at 87 but hesitated too much. recent losses made me too conservative, making me miss out too many opportunities. 88-87 is good value right now. will look to enter at this range today. hope prices does not spike at open as gush seems overvalued to me right now. will enter gush if it drops to the 2.5s or lower again.
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