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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 JoeBloon Feb 06, 2011 12:55am
664 Views
Post# 18083003

RE: anyone else think....

RE: anyone else think....Sabina went up because of Newmont's $2.3 billion buyout of Fronteer Gold.  For $ 2.3 billion, Newmont gets about 6 million ounces of gold worth about $8 billion.  There can be NO QUESTION that Newmont expects gold prices to rise substantially in the future, hence the buyout.  SBB has metal worth about twice as much as Fronteer has.  If SBB's stock price was to trade at the same level as the Fronteer buyout, then SBB stock would have to be at about $30 per share.  However, expect SBB to find quite a bit of metal this year with the substantial drilling program that will be undertaken.  Further, expect the value of all of SBB's metals to rise as commodities in general are rising.  Now it becomes easy to speculate just what can happen to SBB's share price.  Who knows where its going to go, but one thing for sure, $6.00 per share is a very good buy right now....
Bullboard Posts