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ProShares Ultra Financials Message Board

  • rvmerk rvmerk Jan 20, 2009 10:48 PM Flag

    UYG could easily double in next 2 weeks

    A 50% move in banks like C and BAC is nothing. A 50% move in C takes it to $4.20 and in BAC $7.65.

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    • The last time financials were down 17% in a day was on Dec 1...and they rallied more than 30% higher in the next 4 trading days (60% for UYG). None of these banks are going to fail in the next 30 days...this market will recover and wait for Obama's administration to announce a plan. The Govt will likely buy troubled assets without diluting investors...as costly as that will be to the taxpayers.

      Tomorrow we have a reaction to IBM posting an upbeat 2009 forecast indicating a recovery. The market has been looking for something to rally on and you can bet this is it. Additionally, US Bancorp is reporting tomorrow morning and was already beaten down severely today...very likely to rise and bring the sector up.

      If you think JPM is going to stay at 18, youre missing the boat. Its the best of financial stocks and is still well capitalized. No reason for it to be at 18 given its earnings projections.

      • 1 Reply to godiggity123
      • rocket_science_this_is_not rocket_science_this_is_not Jan 20, 2009 11:00 PM Flag

        LOL

        One word "derivatives." Good luck with that.

        And guess what, the auditors aren't playing the game like they did last year. They know they are the next target and their neck (and firms) are on the line...they remember Aurthur Anderson's demise oh so well. They aren't playing ball anymore, no more "negotiating" mark downs, game over. It's every man for himself. The "cooperative spirit" that has prevailed between bank and auditor, is soon to be a thing of the past. Without a co-conspirator, how do you hide, like before?

        You haven't not seen the lows here or in the financials.

 
UYG
127.95-1.75(-1.35%)Jul 25 4:00 PMEDT

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