Wednesday, March 24, 2010 11:02:39 PM
You are confusing what you think is the situation with commercial real estate with an ETF that is designed to go down no matter what is happening in the real world... As much as you would like to make a killing by buying into something that is "3X the inverse" it simply isn't related. If SRS had any relation to commercial real estate it would not have gone from 300 all the way down to 6 during the same time that CRE bit the dust. You have to look at more than just the title "UltraShort Real Estate ProShares (SRS)"
Why do you think it's about to be any different?
Do yourself a favor...
( And anyone else playing with SRS )
Read the information at the following link:
http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/MutualFunds/P119778
Specifically read the section "Real-Life Examples"
Dick Milde
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