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ProShares UltraPro Short S&P500 Message Board

  • IBDMAN15 IBDMAN15 Nov 23, 2011 9:34 PM Flag

    Dumped shorts today

    plunge is long in the tooth. sold spxu and tza and loaded up on UPRO and TNA

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    • While I traded my SPXU a bit later today, I'm back to holding it for Friday. Very possible to see another gap down to open.
      I believe we are retracing October rally, current fundamentals support that. Oct positives are either revising down or more a result of Japan coming back online than US economic improvement. Inventories, orders, backlogs are all too low.
      I'm watching Friday closely, may be the end of the swoon or just the beginning. I'm expecting <1155 during the day, if it closes below that I believe further downward action is likely next week. Our Fed or the ECB may try to kill this trend with QE or bond-buying talk, much like talk today of Germany considering Eurobonds. As usual, all talk no action.
      That's my outlook. GL all.

      • 1 Reply to rz3456
      • Gee! I guess you don't see all the unemployed people I have to navigate my 4-runner around to get to work!!!!!!!!!

        Old men who worked all their lives; up before me I see fighting over aluminum cans?

        So???? You are Bullish?

        What planet do you live on? Completely detached from reality! Must be a very nice gated community you never leave or, perhaps, an apartment by Central Park?

        We have two things for your type:

        motorcycle tires

        and

        gasoline

        your sort will be candles to guide us to the rally.

    • Please; quote me.

      Your a jackass loser.

      I suppose you didn't get the memo:

      http://www.bloomberg.com/news/2011-11-22/fed-requires-top-banks-to-submit-capital-plans.html

      "The Federal Reserve told the 31 largest U.S. banks to test their loan portfolios and trading books against a deep recession and a European market shock to ensure they have enough capital to withstand losses.
      The most severe test scenarios outlined by the Fed today include an unemployment rate of as much as 13 percent, an 8 percent drop in gross domestic product and a 21 percent plunge in home prices."

      • 1 Reply to cdsbuyer2
      • Again:

        scenarios outlined by the Fed today include an unemployment rate of as much as 13 percent, an 8 percent drop in gross domestic product and a 21 percent plunge in home prices.

        What part of 13% unemployment, 8% drop in GDP and 21% PLUNGE in home price don't you understand????????

        We can all do without worthless, snake oil, douche bags.

        GAP DOWN, snp, ON FRIDAY. Be short or cry! f-ing loser.

 
SPXU
28.51+0.42(+1.50%)Apr 29 4:00 PMEDT