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ProShares UltraPro Short QQQ Message Board

  • major_kudos major_kudos Jan 24, 2014 12:05 PM Flag

    How do you make money with these goofy short etfs????

    How do you know when it's going to pop. This is not a long term hold I think...... Makes no sense to me

    Sentiment: Sell

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    • These ETF's are horrible and you will lose all your money with them. They do a reverse split to pump up the price... A reverse is when they combine 2 or more low priced shares to make 1 higher price share. So, these mangers combine the ETFs to make a new share. But, the problem is the new shares always sink back down and then they do it again until you have lost all your money. For example they may combine 3 of your shares worth $5 each to make 1 share of the same ETF now worth $15 the new shares will sink back down to 5 and now instead of having 3 shares worth $5 each you have 1 share worth $5. Then they do it again and again to stay in business. The SEC should look into these ETF's and their management.

    • sluggobear@att.net sluggobear Jan 24, 2014 12:38 PM Flag

      This is absolutely crazy. There is no way this ETF popped as a function of human trading. I would like to know how something like this happens...why didn't it go up yesterday?

 
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