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ProShares UltraShort S&P500 Message Board

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  • crusn16 crusn16 Mar 6, 2008 11:03 PM Flag

    Market about to tank.

    Hey Jamil,

    I thought I'd let you know that I have had a GREAT week. I'm selling my shares tomorrow of SDS & SRS. I have now become bullish until Wednesday, the market may tank more tomorrow and thats where I will buy SSO or SPY, I think we can see 134 on SPY. Financials are OVERSOLD on the technicals, and the thoughts of a surprise rate cut is in the air with people, so there is the INCENTIVE for people are start buying financials. ALl im talking about it XLF up to 25 and thats it, dont think I mean its going to be a happy ending for financials, because i can tell you , by next month, we WILL see XLF at 19-20!

    I will buy SRS & SDS again on a dip.

    whats your game plan?

18.43-0.49(-2.59%)May 24 4:00 PMEDT