$85.64 3.27 (+3.97%)
2/9/2010 3:59 PM

Mid-Cap Bull 3X (MWJ)

CAPS Rating: 1 out of 5

Current Price $85.64 Mkt Cap $34.26M
Open $85.85 P/E Ratio 0.00
Prev. Close $82.37 Div. (Yield) 0.47 (0.50%)
Daily Range $83.18 - $87.35 Volume 96,675
52-Wk Range $21.24 - $109.87 Avg. Daily Vol. 0

Caps

How do you think MWJ will perform vs the S&P 500?

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All Members

35 Outperform
171 Underperform
 

All-Star Members

17 Outperform
72 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top MWJ Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

wowdwarf (63.40)
Submitted December 23, 2009

guess I am going against "conventional wisdom"

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MWJ VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about MWJ.

Recs

1
Member Avatar wowdwarf (63.40) Submitted: 12/23/2009 6:36:00 PM : Outperform Start Price: $100.04 MWJ Score: -9.96

guess I am going against "conventional wisdom"

Recs

0
Member Avatar fooletfs (78.17) Submitted: 11/8/2009 8:48:44 PM : Underperform Start Price: $81.96 MWJ Score: -5.16

testing what's been said here on CAPs.
Do shorting all 3x ETFs mean easy net returns?
YES, IF, you rebalance once ratio goes 1.7 (or 1/1.7)

In a sideways or down market this would also translate into net points on CAPs
But your accuracy will be hurting, you'll mostly be 50% accuracy at best on this strat.
Current batch I am redthumbing here on CAPs today (at these levels):
BGU/BGZ
MWJ/MWN
TNA/TZA
FAS/FAZ

Further on my personal thoughts on this strat:
using hypothetical scenarios, actual 3x #s from '09, and 2x funds from differing periods:

Worst case scenario, this strategy loses in a year: (5%)

Best case scenarios in a year: 10%+

Should expect most returns in a year: 3-7%

In implementing this strat, pray for two things: 1) Hope your short shares don't get called back by broker & 2) if in rebalancing you wish to increase position, hope you can short more.

This strategy may be a good play to allocate comparable to the fixed income/bond allocation of portfolio or completely replace that bond allocation with this.

I would say maximum amount you sell each position is 23% of face value of account. IE a $10,000 acct, short sell a maximum $2,300 worth of each ETF.

Recs

0
Member Avatar screwthesemarket (47.76) Submitted: 9/8/2009 12:31:11 AM : Underperform Start Price: $92.07 MWJ Score: +5.01

drop these markets!

Leaderboard

Find the members with the highest scoring picks in MWJ.

Score Leader

PayshnzGrasHpr

PayshnzGrasHpr (70.45) Score: +215.84

Just my luck to be "selected" as the Score Leader for a stock with zero capitalization!

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
mckx < 20 3/4/2009 Outperform NS $23.87 +258.81% +51.14% +207.67
marcet 70.15 3/16/2009 Outperform 3W $28.39 +201.63% +40.22% +161.41
Wh1sp 98.88 4/15/2009 Outperform NS $37.29 +129.68% +29.22% +100.46
Wiiz 99.83 4/13/2009 Outperform 3M $39.21 +118.40% +27.09% +91.31
cundiff97 94.67 4/17/2009 Outperform 3W $43.06 +98.89% +24.77% +74.12
OhBeeV 99.29 1/29/2009 Outperform NS $42.91 +99.59% +26.84% +72.76
ahknaten 79.87 1/13/2009 Outperform NS $44.06 +94.37% +25.81% +68.56
flytyr 98.37 1/28/2009 Outperform 5Y $44.52 +92.35% +25.86% +66.50
shalumov 94.10 6/15/2009 Outperform 5Y $50.53 +69.49% +16.66% +52.83
joe56680 56.13 8/4/2009 Outperform 3M $67.66 +26.56% +7.06% +19.51

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