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ProShares UltraShort Real Estate Message Board

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  • salipenta salipenta Dec 16, 2008 4:19 PM Flag

    I am licking my chops..., what an opportunity awaits...

    sorry, doesn't work that way. See Hawks post from earlier today or yesterday where he detailed how this works. And look at the charts. Unless there is a sustained move DOWN in IYR there is no quadrupling here. SRS is a trading vehicle to be used for the day only.

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    • we will wait and see. My moves have been seldomly wrong. This is a classic suckers rally in a bear market. It may go up a few hundred points more and I am slowly positioning myself for that, exiting my longs daily (GDX QLD SSO DDM DGP) and started loading up on SRS, some SKF, USO, GLD, SLV, short MET, MA, ROH, etc.

      I am at 350sh SRS today @ avg $70. Plan to have a position of 600-700sh if the SRS drops further.

      Fundamentals are just getting awful every passing day and 0% interest you think is a good move, think again, it is a desperate move...

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