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ProShares UltraShort S&P500 Message Board

  • happyperson_1 happyperson_1 Feb 5, 2013 2:28 PM Flag

    Heavier than usual shorting in SDS today!

    Obama promises more money printing. Up goes market, down goes SDS. This market looks like it could take off. Had some poor earnings today yet it looks like printing presses to remain on so the market should go higher. SDS up 1.01 yesterday. Down 1.08 so far today. That probably speaks for itself.

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    • All this talk on the SDS board about how the market is going to go up and up is making me think we are nearing a top! :-)

    • SDS never reached 2x the inverse of the S&P all day. That would indicate buying demand. If it was being shorted, it would have been MORE then 2x the inverse on a market up day. Shame on you for lying!

      • 3 Replies to cramerblows_a_s_s
      • ""SDS never reached 2x the inverse of the S&P all day. That would indicate buying demand. If it was being shorted, it would have been MORE then 2x the inverse on a market up day. ""

        SDS invests in derivatives (swaps, futures, and repos) and the daily NAV tracks the SPX very closely. This is not a exact science. Read the prospectus:
        The Fund is rebalanced at or about the time of its NAV calculation. As such, the intraday position of the Fund will generally be different from the Fund’s stated investment objective of corresponding to two times the inverse (-2x) of the Index. When shares are bought intraday, the performance of the Fund’s shares relative to the Index until the Fund’s next NAV calculation time will generally be greater
        than or less than the Fund’s stated multiple.

        . NAV is calculated by J.P Morgan each business day at the close of regular trading of the New York Stock Exchange (“NYSE”) (ordinarily 4:00 p.m. Eastern Time)

        Demand has little to due with the SDS price as the fund will create more shares as the demand increases (Creation Units)

      • Here is a question........

        SDS trades 2x the inverse of the s/p 500.
        If the S/P doubles, it has since 2010..........how much would you expect SDS to fall ?

      • So, how bad do you want to be a DA? Shame on you for being anxious. Go ahead and make my day.

 
SDS
20.77+0.04(+0.19%)Jul 2 4:00 PMEDT