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After Hours spike caused by Walmart basically saying get ready for a really bad recession.
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
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
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.
It’s starting
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
CNBC:
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.
I’m getting ready to put my toe in the water.
Hey Smitter. Thinking of buying some $SRS. Are you still keeping your conviction on this going higher?
Higher she goes. SRS
Looking good SRS!
Good Spot to load 6 months out. Calls
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.
grabbed 13.68's; I believe MBS purchases first to go under FED tapering(?)
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
Think it’ll go back up towards $25 this year?
A breakout here can close the gap up at $14!
What a Day SRS! Let’s see $18.00+++ before April!
Bullish move on SRS after opening 5% down.
You can feel a Christmas Crash coming. It just doesn’t seem right that Markets are at extreme levels. Housing Market at Record Prices
Yet Millions clamoring for stimulus AND Home Forbearance. Shopping mall store Signs popping up everywhere for Lease
And long lines for Food.
The Round Peg has been bashed into the square hole and about to pop back out.
SRS Looking great. Let’s see a $18+ run in the coming months!
250k the rip of mark Pensions China New company. Nice round figure lol
That is a much better approach. And I want to thank you for the article. However, it's 'dated'. Don't worry about me. I'll take a small loss every time, but I think we're in for round #2, IMHO! Oh, and I want to manup and apologize for the micro reference. Good luck with your trades.
Not intended as an attack...
Just look at a long term chart of SRS and then read the info at the following link... You can't make any money by taking a long position in SRS. SRS does not go up when real estate goes down.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48224750
Long term chart...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=srs&insttype=&freq=2&show=&time=13
If you mean that you are taking a long position in SRS that would be a Boo Boo for boo boo.
yep you nailed the bottom
2012 was a good time to buy additional real estate...
I added two properties in 2012, both in the best areas where demand continues to drive prices up. The most important criteria is very high quality locations.
We have been exceptionally lucky in that current pricing is ABOVE the pre bubble bust of 2007-2008. This is due to the stable economy and the fact that our pricing never ran up as much as other parts of the country. Real estate pricing is firming and rents are going up as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71305534
Update (44 years)
For some perspective on the all-important US real estate market, today's chart illustrates the inflation-adjusted median price of a single-family home in the United States over the past 44 years. There are a few points of interest. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. All those gains and then some were given back during the following 6.5 years. Over the past two years, however, the median price of a single-family home has trended significantly higher. More recently, the inflation-adjusted price of the median single-family home has declined and is now testing support of its two-year upward sloping trend channel.
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General Information
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
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