UltraShort Financials ProShares (AMEX:SKF)

RRobertsmith (26.89) Submitted: 2/7/2011 11:56:16 AM

Recs: 0

not such a good idea, with 11 banks a month failing in Jan 2011, and 157 failing in 2010 there are safer strats. ie short TVIX

jmt587 (99.85) Submitted: 2/7/2011 2:05:08 PM

Recs: 0

I'm 6 for 6 on calling SKF for 61 points. I think ultra anything is a loser, long term, so even if I'm wrong sometimes, I should be right most of the time, and my accuracy should get a nice boost. For the game, I think I'm making the right call, even though I wouldn't follow this strategy in real life (though I must admit, I am tempted to short many of the 3x daily ETF's, regardless of direction or industry).