from the comments i'm reading...
this isnt a buy and hold stock....
it isn't a stock
one bad pull back, and a mostly flat month of up-and-down, small fluctuations, and you'll never get back to where you bought in.
this isnt meant to track a real estate recovery. or ride back up a beaten down section of the market.
go take a bet on a mis-priced reit, like DDR
URE is a hedge tool and (lotto ticket for retards)
perhaps good for a short bet over earnings releases - but i'd get in and out... fast]
if youre up, get out and walk with your money. if your down a little, take your loss... if youre getting killed, I supose, hold your lotto ticket...
it'll prob hit 4-5 dollars.. dont confuse that for something it isn't.
prob make some nice gains further, with earnings... but I'm not betting on it... one pull back and that's the fork
good luck to all
just my evening thoughts for what theyre worth.
Yeah, I don't agree with most of what you say, but this definitely isn't a long-term hold. Mostly because there's too much going on behind the scenes that is completely obscured to anyone who puts any money into this. SRS is definitely more decay prone. If URE is down in the dumps, shouldn't SRS be soaring? Both went south of positive territory in November and then reverted to a mirror image of each other since the first of the year, but on a downward slope.
Oh and thanks for the math lesson..
Tell you what .. MOST people understand you are a freaking blowhard short.. go put that in your pipe and smoke it you toolbag.
Or maybe you had to sell your pipe? Cover now fruitbat!!
im not here to challenge what you're saying.
i agree with the decay factor.
however nonleveraged funds still have decay.
100 up 10% = 110
110 down 10% = 99
the market is about decay.
however edc seems to be on a run, up from 30 to near 100.
leverage is good as long as your on the right side.
i'm not saying ure will hit 20.
but i'll take 5-8 bucks.
if leverage funds are so bad.
the issue i have is.
skf should not be a buy either.
you should short skf, and uyg, both?
think about it.
"however nonleveraged funds still have decay"
2x = more pronounced decay
"leverage is good as long as your on the right side. "
and wasnt trying to push my opinion on anyone - just didnt seem that most here were thinking about that. that it woul mean-revert.
I wasn't sure most ppl here seemed to understand (per their comments) what the "good side of leverage" is with rgrd to URE.
not saying everyone doesnt understand, but it seemed it was a worth-while comment to make - for those that might not...
if youre aware already, go about your business... if youre not, do more research and understand what this product is.