FAZ: UPDATE On FAZ

My last analysis on FAZ had an unrealitic target. I wrote about why the economy is not doing good, why it will be getting worse, but I left out the strategy on trading FAZ. I haven't had time to follow the strategy myselfdo it myself, so it's been sitting in my account losing value. This is how FAZ works - it follows the RIFIN.X (Russell 1000 Financial Services). If the RIFIN.X goes up, or down - FAZ does the opposite at 3 times the percentage amount of RIFIN.X. So if RIFIN goes up 1 percent, FAZ goes down 3 percent. If RIFIN goes down 1 percent, FAZ goes up 3 percent - the problem is that if it goes down 3 percent (Let's say it's at $100, it goes down 3 percent. It is now at $97 - it now goes up 3% so it's now at $99.91) It takes a bigger percentage of a drop to get back to it's original price. As it stands today at $8.91, the highest possible it can reach (which is improbable), is a %300 gain (Every Company the RIFIN follows declare Chapter 7, and the whole index goes to 0) - That is $35.64. That's the highest it can go as of today. This is my understanding, and I could be missing something. So if you "invest" in FAZ - make sure it's a quick strike for a quick profit, and don't hold anticipating shooting to the moon. Take a profit, and be happy with it. I hope this helps, good luck!