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ProShares Ultra Real Estate Message Board

  • thamonkee thamonkee Jul 20, 2009 3:23 PM Flag

    this is WHAT will happen

    MOST RECENTLY ... URE hit 4.3

    Check the charts. 4.3

    4.3 hit when the S&P was nearing 900
    At the same time, the DOW was nearing 9000

    Currently URE is 3.7

    WATCH THE S&P, when it gets to 895, SELL

    There will be a TEST at those levels. Then, we will have another slight correction. At that time, URE will once again be OVER 4.3

    Good luck.

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    • example - 30% pull back = 60% drop
      takes 75% on the underlying to break-even... 150% back up
      while the underlying only needs to go 42-ish%

      go make your own example of up and down movements, mostly equal in both directions... watch how far off it falls... this might be good for a very short bet, only.

      i.e., it doesnt revert to the mean with the underlying basket. it's good for a very short-term bet - or for its intended purpose - hedging.

      this doesnt track anything long term... it's a hedge tool not a RE bet.

      there are plenty of mispriced reits - better bets, easy money, very high returns.

    • Perhaps, but IMO URE will not make it back up to the same level when the S&P hits 900. If you look at the 6 month chart, URE is beginning to flatten out. while it's still volatile, some of the short term wild swings are beginning to disappear. It might go up to 4.30 again ( I certainly hope so.. I'm holding 7500 shares right now) but I think the upper 3's are more likely before the next down turn.

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