greencat
11-19-2008, 03:49 PM
QID i have bought shares in this. It looks to make a higher high. Like its name it has ultra shortof a stocks. I know its a little pricy but it could make a big move. I am also thionking about buying some options on this.
The fund seeks daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index®. The fund invests in derivatives that Proshare Advisors believes should have similar daily return characteristics as the twice (200%) the inverse of the daily return of the index. It invests typically the rest of the assets in money market instruments. The fund is non-diversified.
The fund seeks daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index®. The fund invests in derivatives that Proshare Advisors believes should have similar daily return characteristics as the twice (200%) the inverse of the daily return of the index. It invests typically the rest of the assets in money market instruments. The fund is non-diversified.