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I like Kyle. Even though he drives a Toyota. ;~P
Who's Rowdy...? Busch....? I missed it, but heard it was a another good one.
Is Three Times Performance Going to Be a Charm for New ETFs?
A firm better known for its leveraged index mutual funds has filed for 36 exchange traded funds (ETFs) with the Securities and Exchange Commission (SEC) that raise the stakes.
The ETFs from Direxion Funds would deliver three times the performance (or three times the inverse) of their underlying indexes. This is a new twist, since no ETF currently offers anything more than double the exposure, leveraged or short.
The funds will cover a variety of asset classes that include sectors, international regions, real estate and even commodities, reports Heather Bell for Index Universe. The prospectus says the management fees for the funds will be 0.75%.
ProShares has no doubt proved that some investors want leveraged and short ETFs, but is this going too far with the concept? For financial advisors and retail investors, double exposure might be plenty. We're concerned that this might be a case of too much octane.
Are ETFs going to be like those razors that hit the market with one more blade every time a new one comes out? Investors should be careful - too many blades, and you're likely to get cut.
http://www.etftrends.com/commodities/index.html
http://www.indexuniverse.com/component/content/article/10/4080.html?Itemid=19
Oil Down ETF Moves Up On Oil Price's Slide
May 01, 2008
by Tom Lydon
As oil prices head south, one exchange traded fund (ETF) shot way up.
MACROshares Oil Down (DCR) closed up 10.6% in trading today after oil speculators pulled out of the market. Crude settled at $112.52, stripped of its appeal to investors as the dollar gained strength, says John Wilen for the Associated Press. Oil is sitting at its lowest level since April 14, but analysts caution that it could be temporary.
Meanwhile, the MACROshares continue to trade as they normally would after hitting a termination trigger on April 16. Sam Masucci, MacroShares' CEO, says both Oil Down and MACROshares Oil Up (UCR) will trade as though they normally would.
On June 25, they'll cease trading. On July 3, shareholders of the funds will receive payouts based on the fund's net asset value (NAV) on that day. The funds are raking in assets, says Masucci, pulling in $120 million this week.
The company has filed with the Securities & Exchange Commission (SEC) for its second set of up/down oil ETFs. The hope is that they'll get the go-ahead before the first set of funds terminate.
Rotation time. Where's the money going...?http://bp0.blogger.com/_7VHLCUlm_9o/SB2rX2f-uqI/AAAAAAAAA3E/T6FxgQ-KH0c/s1600-h/SectorFlow050208.gif
I see SKF hit 89.47 today. Getting close to 84. :>)
WAHZ: you do realize DUG isn't a pure oil play, it's also nat gas....?
Ah, but you SHOULD have gotten IN the cart and had some hot babe push you around the store (left turns only, of course!) lol! ;~)
An interesting study:
Wednesday, April 30, 2008
What A Strong Reaction To The Fed Could Lead To
http://quantifiableedges.blogspot.com/2008/04/what-strong-reaction-to-fed-could-lead.html
LMAO! I don't think they sell Toyota parts!
Why's everyone so quiet....?
test.eom.
What an ending. That was a fun race!
OT: Dude better lay off the burgers and get back to Subway. He can barely fit through the "door". lol!
http://www.nascar.com/video/busch/2008/04/26/nws.tal.winner.nascar/index.html?MostPopular
OT: Found the tri-oval: http://www.nascar.com/races/tracks/poc/index.html
OOPs! I should have read ahead before posting! Anyhow, I thought the 302 was only in the limited edition pacecars...
So, what color is yours: Orange on white, or, white on orange.
Those pace cars were unbelievable back in the day. Someone in my area, when I was in highschool, had an orange on white '69 convertible.... rare, rare car...
Oh, o.k. BTW, I thought Telladaga was a tri-oval. Which track is a tri-oval?
Got your pm, cool, thanks.
Who won Telladaga today? Got side-tracked with the Indians vs Yankees game. Only saw about 30 laps.
And the oil scam continues...
98 right in the middle of a gap below (84) and a gap above (114).
84 would be ideal to fill first. Then I would jump in.
Anyone buying Visa today for the e announcement before Monday's open...?
Cort: I think I'm going to bypass 98 on the skf and wait for 84. This market is pretty strong and people are looking for an excuse to pile into financials.
O.K., thanks. And, I'll take $80/bl! Hope fuel goes down as much, but I'm not holding my breath. lol! : ~ )
Is this a long term hold for you (years) or a trade (weeks)?
I would be inclined, at this point, to sell around 34.95 and re-enter lower.
But then, that's me being a 'position' trader....
FWIW,
df
WAHZ: How far back are you able to post a chart on the $WTIC?
Can you go back to 1973 or even 1980 or so?
Crude has got to be in a W5, even it it just started with this recent break-out.
Looks like DUG could have a nice run to about 35 before it re-treats.
Looks to run for a week or two.
JMO,
df
Yes, DUG. I don't think there's crude 'pureplay' 2x short. DUG is as close as it gets.
Thanks, WAHZ. I believed oil would crash and go back to around $12/bl eventually. Even I have doubts. But, many had doubt at the NASDAQ 2000 top, too.
There as so many cool competing technology out there for fuel economy. They can't all survive. Plus, good technology may never make it to market because the price of crude will crash and it won'yt make economical sence to go ahead with the technology.
I think petro and bio fuel will be aroung for a LONG time. In the meantime, I'm not sure with technology wins out. Remember, betamax was a superior format compared to VHS, but VHS won out.
I guess for me, I'd like to see a Scuderi, electric-diesel hybrid in a Passat or the VW SUV. In the Passat, that combo should be good for around 90 mpg. lol!
Anyhow, when crude crashes and hits bottom, it'll be 10% of what it tops out at. So, if it hits $225/bl, $25 will be great. :>)
The ultimate gap to fill on the SKF is @ 84.07. Once that fills, it's all 'up' for years, as fas as I'm concerned.
That gap may not fill for quite sometime. Or it may. Who knows?
98 first. Then, back to 84.07
IMHO,
df
"now oil is going to 225. 400 anyone?"
Do you know something I don't....? Got a link? Or, was that just sarcasm?
I know how you feel....
Cort: Sold my first QID position. Still holding the other (for now!)
I see this market going higher for awhile. Today, the NASDAQ broke out to a new 10 week high.
Still watching the SKF, though. If it fills the gap @ 98, I'll probably be a buyer, as long as I have cash on hand.
Anyone here follow Richard Russell....?
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24528410
That Scuderi's a cool engine design. I'd love to have one in my TDI.
96 mpg on the highway...? I'd love it!
Again, thanks for the link. :>)
Hey Fletch: I just noticed your PM. Thanks and nice link. :>)
P/C ratio for AAPL stood @ .81 at 3:30p.m. est.
Call strike price: 180.00
Put strike price: 150.00
My "gut" tells me AAPL earnings after the bell is going to blow the top off of the markets tomorrow.
How long it'll last is anyone's guess.
Still holding my two QID positions. Not real happy right now.
:>(
NASDAQ: Breakdown through 2383.23, and it'll be 'freefall' mode to fill the gap @ 2346.06
Still looking for the gap @ 2286.04 to fill.
Scratch the 102.50 and think 98.00
That's where my buy order is at. Good chance it'll fill this morning.
102.50 would be the perfect entry point... just something to think about.