Been watching for an entry under $20 again. This is a long term play for me, which seems to have very little risk. As a "Ultra" or "Double" ETF, it moves twice the financial sector. Looking back at its 52 week high of $60+, this looks like a bargain. Short term, I could get burned. But then again, I'm not on margin so I have time.
An actively managed ETF like this one seems like the perfect way to play such a market. Not exposed to any one company's potentially disasterous news (although I do hold some WM) and poised to capitalize greatly on any sector-wide jumps.

