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ProShares Trust - ProShares UltraShort Real Estate Message Board

  • hondoguster hondoguster Jan 7, 2008 9:21 PM Flag

    Jan 10th

    I would suggest getting into SRS or adding to position before Jan 10th. While there will be some volatility in this thing for a while, the trend is up (today's price action confirms). A nice spark to send it on a long term run up is the DB Real Estate Outlook Conference on Jan 10th. Multiple REITs and other RE financial companies will be presenting - As this conference is for forward looking analysis, you can expect some bad news. Selling action on these issues will commence during the conference - folks not in SRS or other similar vehicles before then will only be able to eek marginal gains (chasing the price).

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    • thanks for the info. But, also the big boys will be talking the same day, who do you think wall street will be listening to, these lying REIT cos or Uncle Ben...

    • How upfront would these companies be in such a forum? I'd imagine that there will be a lot of spin.

      • 1 Reply to vedere2
      • I agree, they will probably still tell everyone that everything is ok and that REIT's are oversold (which they actually are at the moment). I have owned SRS for over 6 months off and on, and whenever it breaks out like this, it has dropped substaintially, so this time I am long URE. I know that REIT's mid/long term are done for, but this selloff is over extended and there is way too much risk to SRS on the downside vs. upside potential. I only have a very small portion of my portfolio long REIT's (and probably only for a few days). In the next 2 weeks SRS might hit intraday 135-140, but on the downside it can go back to the low 100's. why take so much risk to make such a small percentage of profit? If your not long REIT's temporarily (and I agree it takes a strong stomach to go long during these selloffs), you should be at least 50-75% out of SRS so that you can buy it back at a cheaper price.
        Anyone checking out AMD? it is at a multi year low @ 6.10 and what about CNXT @ 0.66? That is very cheap for that stock also.
        JMHO, good luck to everyone which ever position you have.

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