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ProShares UltraShort Telecommunications 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. Select Telecommunications Index.
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Overleveraged.
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Bullish for now.
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The leverage in these along with rebalancing and management costs, plus the long-term upward trend in markets makes them poor performers over the long term. Easy red thumb points.
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It really is ashame that it is so easy to get points off of such a weak fund, but I can't short it in real life..
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Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing
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UltraShort Telecommunications ProShares (TLL)
$31.03 0.00 (0%) 5/20/2009 3:08 PM
1* (AS 32/27)
Beta (3 year) -1.82
Yield % 109.10
Annual Dividend 33.87
Volume 7,676
52-Wk Range $29.89 - $160.66
Avg. Daily Vol. 1,000
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Testing a theory here with this account, shorting all short ProShares for starters.
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Fading every pick made by Ultralong
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Because Ultras Suck
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After 50% plus declines in most markets, could there be a worse time to go double short on any index.
One year price objective: $35
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