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Bullboard - Stock Discussion Forum ProShares UltraShort Nasdaq Biotechnology BIS

The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology 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 modified capitalization weighted index that includes... see more

NDAQ:BIS - Post Discussion

ProShares UltraShort Nasdaq Biotechnology > Looks like biotech short is in major play
View:
Post by mdaffin on Sep 25, 2015 2:46pm

Looks like biotech short is in major play

Thanks Hillary. Wish you gave me the memo 30 minutes before your tweet.
Comment by BCsilver on Sep 27, 2015 3:25pm
This could play out for some time as it turns into an election issue
Comment by mdaffin on Sep 29, 2015 3:34pm
Wow - sentiment has really changed. LABD has doubled in a week and BIS is up 50 % since I started trading this (mainly badly, so don't think I made a lot). LABD/U stocks are all the non money making biotech, while BIS/BIB has some moneymaking (but its biotech, so mainly money loosing). These ETF's are also useful for determining overall market direction. I think LABD could hit 90 and BIS ...more  
ProShares UltraShort Nasdaq Biotechnology
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