Hi Toofuzzy,
Thanks for the tip on RNP. I will research it and possibly put it on my 'watch' list.
I would think that the consensus believes that the ultra 'short' ETFs, whether sector or broadly diversified funds, are a bad idea.
However, it seems to me that the idea of ultra 'long' sector ETFs was not addressed by any of the respondents. I should have been more specific that I was discussing the ultra 'long' sector funds when I talked about the fall, rise, etc. AIM-like volatility motion of a stock or ETF. I apologize for my lack of specificity.
I could be wrong, but to my knowledge these ultra ETF sector funds have been around only since this past January. There may have been some ultra sector open-ended mutual funds available before then. However, because of the trading restrictions placed on most open-ended mutual funds I was only interested in ETFs. With ETFs and stocks one can place limit orders....not so with open ended mutual funds.
Therefore, since these ETFs have been in existence only a very short period of time, then that is the reason why I asked if anyone had any experience with them. In re-reading my original post it appears that a lot of spaghetti was thrown on to the wall and that the message was not specific enough in the information it sought.
I did receive your private message, but since I am not a premium member I could not respond to it. I will say that I was previously aware of all the points you raised.
Regards,
Ray
