$26.55 -1.11 (-4.01%)
2/9/2010 3:59 PM

Mid-Cap Bear 3X (MWN)

CAPS Rating: 1 out of 5

Current Price $26.55 Mkt Cap $12.61M
Open $26.64 P/E Ratio 0.00
Prev. Close $27.66 Div. (Yield) N/A (N/A)
Daily Range $25.97 - $27.37 Volume 75,092
52-Wk Range $21.87 - $253.38 Avg. Daily Vol. 0

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Caps

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All Members

181 Outperform
158 Underperform
 

All-Star Members

54 Outperform
105 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top MWN Bull/Bear Pitches

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

volatilitydecay (99.24)
Submitted February 08, 2009

My intention is to showcase/prove that Leveraged ETFs are inappropriate for any Medium-to-Long term Investment strategy - and are only suitable as EXTREMELY short-term "market timing" trading vehicles.

I am starting this profile… More

UltraLong (100.00)
Submitted August 22, 2009

Triple leveraged bear funds were absolutely the dumbest idea of 2008 from a Wall St. perspective. Who actually paid over $250 for this....seriously...?

UltraLong

MWN VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about MWN.

Recs

0
Member Avatar tobyg74 (64.53) Submitted: 2/5/2010 11:23:31 PM : Underperform Start Price: $27.13 MWN Score: +2.59

junk

Recs

0
Member Avatar chk999 (99.99) Submitted: 1/27/2010 1:18:35 PM : Underperform Start Price: $25.95 MWN Score: -3.66

Once more with feeling!

Recs

0
Member Avatar fooletfs (78.17) Submitted: 11/8/2009 8:48:44 PM : Underperform Start Price: $30.15 MWN Score: +11.26

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.

Leaderboard

Find the members with the highest scoring picks in MWN.

Score Leader

mikotian

mikotian (99.94) Score: +226.92

The Score Leader is the member with the highest score across all their picks in MWN.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
1or5stars 95.08 3/9/2009 Underperform 1Y $243.86 -89.11% +60.57% +149.69
UltraLong 100.00 3/9/2009 Underperform 1Y $243.86 -89.11% +60.57% +149.69 1 Comment
ahknaten 79.87 3/10/2009 Underperform NS $201.16 -86.80% +51.96% +138.77
henryking54 99.14 3/16/2009 Underperform NS $155.68 -82.95% +41.79% +124.73
yormoneyman 91.81 3/16/2009 Underperform 5Y $155.68 -82.95% +41.79% +124.73
babsorchen 98.06 3/16/2009 Underperform NS $155.68 -82.95% +41.79% +124.73
UhOhThisisBad 98.70 2/19/2009 Underperform 5Y $162.02 -83.61% +37.60% +121.21
exvestor < 20 3/23/2009 Underperform 5Y $137.06 -80.63% +37.59% +118.22
ipfmanager 98.45 3/19/2009 Underperform 5Y $137.51 -80.69% +37.13% +117.82 2 Comments
smithtz 73.89 2/2/2009 Underperform NS $155.02 -82.87% +33.76% +116.63

Wall Street

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