Proshares UltraShort Real Estate (SRS)

[MadBrewer]

CRE Crash Unfolding: "Yes That's Not A Typo - It Literally Sold For $9 Per SQFT"
https://www.zerohedge.com/markets/cre-crash-yes-thats-not-typo-it-literally-sold-9-sqft?commentId=a80b3136-fa5f-4493-a4c5-6e152d00ddb4

SRS
Proshares UltraShort Real Estate
15.73
+0.10 (+0.64%)

Cheers

[Afterhoursearnings3]

Buying today

[F/T]

Hey Smitter. Are you still in this? It’s been moving higher

[equijohn]

Banks Failing should Run $SRS up

[Talc Moan]

Yeppers. Good Luck!

[F/T]

Hey Smitter. I’m not in this right now but this may do well with interest rates going way higher than originally thought

[Talc Moan]

Not going anywhere until minimum Feb-March. Wanna see what the Fed does in Feb.

[Talc Moan]

Another lovely day SRS!

[F/T]

Thanks. You should continue doing well with it.

[Talc Moan]

Glad you made a profit! Have a great Sunday!

[F/T]

Hey Smitter. I held and sold after making a little. I should have held longer.

[Talc Moan]

Assuming you never held? We were spot on!

[Talc Moan]

Hello $20++ SRS $$$$$$$$

[Talc Moan]

All by myself lol SRS

[Talc Moan]

About there! No surprise. SRS

[Talc Moan]

Giddy up!

[Talc Moan]

Getting there.

[Talc Moan]

Up up up

[Talc Moan]

Next Stop $20.00+

[Talc Moan]

2023 is coming!

[Talc Moan]

After Hours spike caused by Walmart basically saying get ready for a really bad recession.

[Talc Moan]

Much higher to go in 2023

[Talc Moan]

Reason I liked SRS so much is they did their RS well before DRV so SRS got artificially pushed way the f down. Much much more then it should have. DRV is in the $50’s

[Talc Moan]

Rocket Fuel!

[Talc Moan]

Patience of Holding! Up up we go!

[Steady_T]

Bought some today. Have been waiting for the watershed event and I think the interest rate hike and the Bond market response are it.

Wish I had more cash available

[F/T]

It’s looking that way. Two more projected consecutive 50 basis point hikes on top of this week will not be good for home sales.

[Talc Moan]

It’s starting

[Talc Moan]

It’s coming

[Talc Moan]

Yep look ahead 9-12 months from now and you may have a disaster on your hands after 7-9 rate hikes epic inflation etc etc.

[F/T]

Posted by Zerohedge on Twitter:
Housing market cracking.
"Some who had previously qualified at a 3% mortgage rate are no longer able to buy at the 4% rate" - NAR


CNBC:
Existing home sales in February fell a much wider than expected 7.2% month to month.

[Talc Moan]

It’s starting be patient.

[F/T]

I took a starter position today.

[Talc Moan]

The pain will be felt in approx 6-9 months is my goal to really see it start moving higher.

[F/T]

I’m getting ready to put my toe in the water.

[Talc Moan]

absolutely

[F/T]

Hey Smitter. Thinking of buying some $SRS. Are you still keeping your conviction on this going higher?

[Talc Moan]

Higher she goes. SRS

[Talc Moan]

Will be $30 imo by Fall

[Talc Moan]

Was a easy Buy

[Talc Moan]

Looking good SRS!

[Talc Moan]

Good Spot to load 6 months out. Calls

[Talc Moan]

Bottom looks to be in. Was hoping the DRV reverse that should have been done around the SRS did theirs would drive this down further but I think we are at a bottom. Zillow gonna collapse and imo get investigated for bloating their Zestimates for their own good.

[Talc Moan]

Stagflation is rearing it’s Ugly head and the Fed has so much debt every incremental increase is massive interest payments.

[db7]

FED is the key; once they let up on that gas pedal...

[Talc Moan]

I also like how they got their Reverse split done months ago and this has come all the way back down as to where DRV just did their RS and I don’t like that $40.00 range.

[Talc Moan]

Zillow should be investigated for propping up their Zestimates while they were flipping homes and now selling them for losses. I think this whole market is going to come crashing down next year and into 2023.

[db7]

grabbed 13.68's; I believe MBS purchases first to go under FED tapering(?)

[Talc Moan]

Looking for my spot.

[Talc Moan]

ProShares Trust - UltraShort Real Estate June 2021 (SRS) has 4 splits in our SRS split history database.

The first split for SRS took place on April 15, 2010. This was a 1 for 5 reverse split,

SRS's second split took place on October 13, 2011. This was a 1 for 3 reverse split,

SRS's third split took place on
May 20, 2015. This was a 1 for 4 reverse split,

SRS's 4th split took place on May 25, 2021. This was a 1 for 2 reverse split