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7 pts

Opinion on  UltraShort Financials ProShares (SKF)
Bloodletting in the Financials is not over

Jul 17, 2008 02:34 PM UTC
Slvrfx2
Return Risk
+1.07% LOW
Sr. Associate

Technical Analysis  


SKF:  This call was made on 07/17/08 @ $143.89
Rating:   Positive   $143.89 (07/17/08)
Closed:   09/19/2008 @ $87.63 (-39.10% in 64 days)


Comments (2)

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ericvk8   37%     0 point   commented 128 days ago reply

would be usefull to have comments to these charts, so iu can also learn something. thx in advance

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judysud   N/A     1 point   commented 127 days ago reply

Regarding shorting the 19 Financial companies. with this SEc mandated preborrowing, I suspect that these stocks will now be on the "hard to borrow" list as which sane long holder would allow his custodian such as State Street to loan their stock to a short seller whose intention is to drive the value of the security down. Imagine Al Aweed allowing state Street bank to lend short sellers ABCXYZ Hedge Fund his Citicorp stocks so that the prioce can go down becaus eof the short pressure and in doing so, Al Aweed loses billions but only collect stock loan rebates in teh thousands.


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Who voted on this idea?
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joeyjoejoe 60% 07/17/2008



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slvrfx29 previously rated SKF
Positive +0.00% More bloodletting
03/17/2008
0





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