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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

Comment by Mack100on Apr 06, 2023 6:44pm
81 Views
Post# 35384079

RE:RE:RE:RE:Voted against

RE:RE:RE:RE:Voted against AlwaysLong:  I guess the thing I don't get is this - most mining companies never actually find gold. If they find the gold they never are able to arrange financing to build the mine. If they build the mine they often can't make any money because the gold is not selling at a high enough price to make it profitable. But despite all that, there is no shortage of investors willing to spend limitless amounts of money chasing a dream. There are all sorts of gold companies out there trading at prices way above SBB with little or no chance of ever producing a damned thing. The guys running the companies make out like bandits of course, whether they ever make a penny for shareholders. So I get the pessimism generally - its a crapshoot out there, the dice are loaded, and the shareholders usually lose. But none of those negative variables apply to SBB. They beat the odds, they found the gold (tons of it) they arranged the financing, and they will be mining the gold when the price of gold is at historic highs, it would appear. To use an analogy, it is like a kid who spends years and years becoming the best ball player in the country, and eventually he has a chance to land a massive major league contract, and just before he signs up for a multi year payoff, he quits. I think that is what has most of us shaking our heads - why did the kid (in this case SBB and captain McLeod) quit now? I mean, if SBB can't make this work, what mining company anywhere can?  
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