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Sunday, March 8, 2009

Question: double, triple ultras can they go to ZERO?

Is it true that the 2X ultra will go to a price of ZERO  if there is a 50% one day drop in the underlying issue? 

And is it true the 3X ultra longs will go to 0  if there is a drop of >= 33% in one day?

Answer: TRUE (it's in the prospectus)

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