Yeppers. Good Luck!
Hey Smitter. I’m not in this right now but this may do well with interest rates going way higher than originally thought
Thanks. You should continue doing well with it.
Glad you made a profit! Have a great Sunday!
Hey Smitter. I held and sold after making a little. I should have held longer.
Assuming you never held? We were spot on!
Patience of Holding! Up up we go!
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
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.
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
Existing home sales in February fell a much wider than expected 7.2% month to month.
It’s starting be patient.
I took a starter position today.
The pain will be felt in approx 6-9 months is my goal to really see it start moving higher.
Looking good SRS!
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.
Stagflation is rearing it’s Ugly head and the Fed has so much debt every incremental increase is massive interest payments.
FED is the key; once they let up on that gas pedal...
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.
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.
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
ProShares UltraShort Real Estate (SRS) has announced a 1-for-2 reverse stock split. As a result of the reverse stock split, each SRS Share will be converted into the right to receive 0.5 (New) ProShares UltraShort Real Estate Shares. The reverse stock split will become effective before the market open on May 25, 2021.May 13, 2021
ProShares UltraShort Real Estate 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. Real Estate Index. The Dow Jones U.S. Real Estate Index http://www.djindexes.com/mdsidx/downloads/fact_info/USRealEstate_info.pdf measures the performance of the real estate industry of the U.S. equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments; and real estate investment trusts ("REITs") that invest in apartments, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests. It is not possible to invest directly in an index. If you are negative about commercial real estate, this is the ETF for you. If not, URE should be your choice. See #board-14698
SRS CHARTS >>> #msg-38175411