UltraShort Technology ProShares (REW)

ProShares UltraShort Technology seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Technology Index

shorting all ultrashorts, bears, or any of these terrible "leveraged" funds.

Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing

We are most likely overbought but I don't see the kind of zealousness amongst investors that would suggest an imminent sell off. Thus, I'm long the market and short this security. In addition I do love being short ultra-etfs, why you ask, between theta and the daily re-balancing of the portfolios these securities ultimately are designed to move towards 0.

I'm "all in" betting on a correction sometime over the next 2 Quarters.

I hate to do this but....
This is not an attempt to score points with market timing. I am not calling a top, nor do I believe I have the ability to time the market. I attempt to make this account match my real account which I have recently hedged for the near to intermediate term. Unfortunately, green thumbing an ultra is the only way to hedge a CAPS account. I hope to lose points on this pick.

Stocks go up.

Shorting any Ultrashort ETF is an easy way to build a CAPS score, since it is certain go down when held long enough.

Testing a theory here with this account, shorting all short ProShares for starters.

Fading every pick made by Ultralong

following Goodvibe

bull market 101, what is a short etf is a bad etf

Shorting into the rally!

I called it exactly right the last two times, bouncing in and out of this pick. Let's see if I can do it again. As I see it, this pick (one of a collection of Short ETFs) is due for a rise as the rest of the market sours on Geithner's plans. The market is still well-overvalued, and needs to fall 25% more (down to about 5500 on the DJIA) to even begin to come in line with the traditional P/E ratios of bear markets. It's not going to fall all that way in one fell swoop (hopefully not, for that would really freak out those who've not been paying attention), but I do anticipate it oscillating and trending downwards. Until that "bottom" is finally reached, however, I intend to make some points (and some money on limited ETF selections) during this time.

I may be a little early on this one (just like the last time I played this swing), but from what I'm seeing in the Slow Stochastics regarding this ETF, it is due for a turnaround, a rise from this point. I'm hoping this will happen in the next 2-3 weeks, if not sooner.

To me, it's clear from the Slow Stochastics of some big ETFs that they are due for a turn-around. Take a look at TZA, ERY, BGZ, QID, SDD, SDK, RWM, SFK, and SJF, to name a few. All are below the 20% "oversold" line, some below the 10% line, meaning they are more likely to rise than fall further, and soon. The "Williams%R" indicator, which leads the Slow Stochs by a few days, is showing even greater "oversold" tendencies, and in some cases is starting to head back up. Geithner's plans released on March 22, 2009, certainly put a hold on this ETF rising, but that hold will be only temporary, as I see it.

Again, like I wrote last time, if investing for the masses is anything, it's psychological. So, I think we'll see a general fall in the major indices starting next week as despair once again begins to settle in on Joe Investor and people realize that Geithner's plan really only help out the banks at the taxpayers' expense. This downturn should run for 2-5 weeks, depending upon what actions the Fed takes (like putting a ban on short selling again, which would not surprise me). That sort of ban would weaken my case for these ETFs, but it's not going to stop the freight train that is coming down the tracks.

Finally, let me be absolutely clear: I still believe we are definitely NOT at THE bottom. We have at least another 25% to fall:
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=137397&t=01009471911616523983

If you do not have time to watch your purchases over the next 2-5 weeks, don't play the game. I have a feeling it's going to be very volatile and too risky for most people (probably including myself, if I had any sense at all). Good luck!

Suckers rally will be followed by these blood sucking ultrashorts trying to cheat fools out of their money

Because Ultras Suck

After 50% plus declines in most markets, could there be a worse time to go double short on any index.

One year price objective: $40

REW generally moves in the same direction as the NASDAQ so see my rationale for QID.

Speculative.