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S&P 500
5,431.60
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-0.04%
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US TECH 100
19,189.60
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0.11%
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maksim

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maksim

Re: chog post# 54

Saturday, 12/13/2008 7:54:05 PM

Saturday, December 13, 2008 7:54:05 PM

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No, it cannot. I called and spoke to my Proshares rep.

The only way for it to go to $0, is if the index falls 50% in a day.

The proshares are not based on a fixed point, but reset daily.

If uyg is $10 today. If index goes up 5%, uyg goes up to $11. The follow day, the percentage is based off of the closing price. It is not fixed like the early ETN's were with oil up and down at a base of $50.
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