SRS - ProShares UltraShort Real Estate (X2 short) - Page 27

Yep, I think the relative strength the SRS showed today was a big signal. When the markets turn around, this is going to fly.

Good article in Bloomberg about the equivalent of 15 Empire State bldgs vacant in the Silicon Valley CRE area. Obviously good support for the idea that someone might be inserting the needle into the balloon right now.

http://www.bloomberg.com/apps/news?p...5eBwlJI&pos=11

I read that awhile ago. Just a matter of time until reality sets in.

Just read the Bloomberg article. If you're a SRS holder you have got to love this quote from the article:

"Commercial property foreclosures will at least double in 2010 and job growth won’t return for two years after that, held back by U.S. consumers who are saving more and “getting back in line with sustainable spending habits,” Haveman said. "

I started a position at 7.59 just to sit on. Only a hundred shares for now. 7.73 is breakeven.

You might think about shorting URE instead of going long SRS. At least you won't have the decay working against you. The only drawback is that you cannot enter the position in premarket or after hours. But you can buy to cover in premarket or after hours.

URE shares are tough to find in order to borrow.

Gotta get your order in first thing in the morning in premarket. Then after 9:30 if you get the order, you can adjust your price.

Nice, thanks for the tip.

I was hoping today would bring some action, but its still in the $7 range...

I have a cash account under 10k. It has its challenges but I dont care to go margin as I sometimes like to do more than the 3 in 5..

Maybe think about 1 cash account and 1 margin.

Simon, I put in an order to sell short URE last night and this morning it has been approved. Unfortunately URE has been channeling upward for the last 6 months and is near the bottom of the channel, so it looks like it could bounce up quite easily. I'd prefer to sell short closer to 7.25-7.35.

It would be something to consider. THANKS Simon

See the charts at this link and the try to explain how SRS could possibly be languishing in the $7.50 range after having been $300.00 a year ago. Someone big is propping up the share price of the real estate companies on the index this tracks.

http://www.istockanalyst.com/article...64410/pageid/1

Its all smoke and mirrors, they can only prop it up so long. Patience.

The reason it is so low is due to the decay on these x2 and x3 etf's. The same thing happened with faz and fas hence why they had to be reverse split. All of these x2 and x3 etf are not really meant to be held for more than a few days.

Sorry, this might not be the right thread, but are there any ETFs that short real estate that don't decay? Thanks.

I am not 100% positive but I think the x1 etf do not decay very much at all because they dont have as large of swings. But like I said I am not completely sure.

From my own observations, decay on the 2x ETFs (URE/SRS) is not even noticeable. Now, I know it does exist, but to the untrained eye its nothing to go into shock over. DRN and DRV on the other hand are the two that I like to trade and I try not to hold a position of more than $10k longer than about a week due to the drastic movements they make.