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Opinion on  UltraShort Real Estate ProShares (SRS)
100 is the next level to be reached for SRS

Aug 27, 2008 09:49 PM GMT

This is the ETF that seeks daily investment results that correspond to twice the inverse  daily performance of the Dow Jones U.S. Real Estate Index(IYR).  The largest IYR components are all trending down and most are either ready to correct lower after an oversold bounce or are simply falling like knives.  Every company that has ties with real estate is to be analyzed very carefully and there is not a chance that the real estate industry will revive in the months to come.


SRS:  This call was made on 08/27/08 @ $88.92
Rating:   Positive   $88.92 (08/27/08)
Closed:   09/19/2008 @ $66.73 (-24.96% in 23 days)
Target:   $100.00 (+12.46%) in Three months


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