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ProShares UltraPro Short S&P500 Message Board

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  • joetong419 joetong419 Nov 9, 2011 3:27 PM Flag

    Come on baby...... Bring that UPRO back below 59


    Aren't you a buy and hold UPRO fan to see 90s - isn't this a bull market for equities?

    Markets don't go straight up; that's why some will hold SPXU for insurance purposes.

    Appears you are more a day trader; but also project long term.

    You ever make a wrong call?

    Next couple days I see a UPRO bounce; SPXU rarely make 2 consective days of multi-point up move. SPXU should go red next couple of days IMO, but hold near 14.

    And I don't get it right 100% of the time.

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    • You obviously don't read my post. I sell the rips and buy the pull backs. My cost basis on UPRO is now in the mid to upper teens since I started buying and trading it this past summer. I bought the weakness on the open sold over 60 for a $3400 profit and I have been buying this afternoon between 56.80 and 58.10 I will sell again tomorrow for another 3K + profit.

30.23-0.12(-0.40%)Nov 27 1:00 PMEST