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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
Post by bluenoser33on Jun 19, 2016 1:26pm
149 Views
Post# 24978076

Here's the thing.....

Here's the thing.....
Has the project been suspended given the Minister's decision? - NO
Has drilling been halted given the Minister's decision - NO
Is the project completely doomed - NO
Given these rational thoughts, the project WILL go ahead and I agree with an investigation into the NIRB to see who made a ton on money shorting this, someone definitely did.
I was lucky and sold out at 1.68 as ir is my tuition money and took a modest profit but those that held and still held, I commend you and believe this will rebound subsquent to further consideration from the Minister. SBB will not roll over and play dead that easily. As for a major buying the project at this point, not a chance BUT I can see this rebounding as it is business as usual drilling and the project in general. SOMEONE made out like bandits....who that was is yet to be determined but it will out eventually.
GLTA and find solace in the fact that this will rebound, it did from sub 30 cents and will again, it is too good of a project to just be forgotten.
Cheers, bluenoser33
Bullboard Posts