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

ProShares Short SmallCap600

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Post by bot_feederon Aug 06, 2011 1:50pm

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Post# 18912065

sbb

I got a little more SBB the other day, although I believe we could be in for a lot more market bloodletting.

But I would say SBB is now one of the blue chip companies in the exploration biz. A royalty for 40-50 million ounces of silver, 200 million in the bank, and 4 million ounces of high grade gold, with an aggressive drilling program to find more.

5+ is a nice price to beef up on SBB, but I don't discount that we could be in for a 2008 style market crash that might bring SBB down to 2-3. (I don't think they will drop to the 30 cent range like in 2008 because they are a much different company now, with all the cash, Back River, and their stake in Hackett now a low-risk royalty rather than a $1 billion dollar mining development project.

If it does drop into the 2's, I'll be buying a lot more.

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