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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Bullboard Posts
Comment by sysaphuson Mar 01, 2012 8:27pm
459 Views
Post# 19614736

RE: What a bad deal

RE: What a bad deal

I'm one of those who rode it up and cashed out.

This isn't a "dog" as you say, it was just overpriced. The PM mania last spring drove Sbb to stupidly unsupportable heights. Clearly it was time to get out so I did.  Seems trite but buyiing low and selling high is the whole point.

Now  the Newmont thing has given this an extra kick in the bag.

Therefore it seems a good time to buy again which i started to do today. See if we get some more down or sideways action so I can add more before the Inuit Association comes to their senses and Hope Bay reopens.

Even if that doesn't happen I think there's likely to be another run up in PMs soon plus Sabina's normal news flow should be starting soon. Both of which should lift the price.

Good luck.

Bullboard Posts