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ProShares Ultra Dow30 Message Board

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  • stoptheinsanity2000 stoptheinsanity2000 Apr 28, 2011 3:48 PM Flag

    shorted DDM at 66

    You will want to cover that short if you see any kind of profit on it. Market has legs. DDM has a few more bucks to go before any chance of a correction. I'd say if you see a dip tomorrow, cover it.

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    • It's really more a hedge than anything, in a perfect world, DDM hangs here, then we get a pullback and I would cover. Even if the market goes higher my mutual funds will go up so pretty much a wash. I just don't like the market here. It could run higher ,but higher taxes and higher rates are coming down the pipeline, not to mention high gas prices soon to take effect. Market will start to price this is in next few months.

64.22+1.97(+3.16%)Jun 28 4:00 PMEDT