SocialPicks Monitor new  |    Stock Idea Community
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
The Stock Idea & Analysis Community
SocialPicks is a community where stock investors exchange ideas and track performance of financial bloggers.
Top_member_photos
Get free stock picks and email alerts daily
 
Are you a stock guru?

1 pt

SKF

 Aug 05, 2008 03:05 PM UTC
Return Risk
-8.78% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
SKF Positive 08/05/08 +0.00% 08/05/08

Graphic_arrow1 Via Bluedog:  



I started a position in SKF at $118, a 44% discount from the high of mid-July. The financials have risen 50% over the past two weeks and are just below overhead resistance at 50 EMA (See, XLF). Is the bottom in? I doubt it. I think we're bound to see more pain before the healing begins.




Comments (1)

Add Comment

Arrow_up
Arrow_down
86_edited
gene fleszar   70%     1 point   commented 111 days ago reply

skf is a ultra short inverse stock it will only make money when the market goes down, with the market in a flux right now you better have a stop loss, if the market starts going up this will take a dive real fast.
Gene


Your Comment



ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 22.30 +48.71% 175
2 20.02 +46.30% 57
3 17.43 +18.91% 7
4 16.71 +44.07% 211
5 14.41 +14.95% 7


POPULAR STOCKS
Symbol Company Name Sentiment

TODAY'S HEADLINES

TODAY'S TOP PICKS

 
UltraShort Financials ProShares (SKF)
   SocialPicks Sentiment:   

   This Quarter's Sentiment:
All:
62.5%
Top:
58.0%




TODAY'S HEADLINES





IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch