g5000
Diamond Member
- Nov 26, 2011
- 127,053
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I have been in cash for the last year with no regrets. Now I think the topping process is done and we are set for a major decline in stock prices.
Today I bought shares of ProShares UltraShort S&P 500 ETF at $28.08.
Best of luck!
The price of ProShares UltraShort S&P 500 ETF (SDS) the day your post was made was $110.96, not $28.08. I'm surprised this was not caught.
The price continued to drop ever since this post. Sadly for you, it has never risen above the October 15, 2010 price.
Today, the price is $36.44. So you have lost about two thirds of your investment if you actually bought SDS and have held onto it all this time.
Meanwhile, the S&P 500 has risen from 1176.19 on the date of your post to 1696.78 as of this moment.
The Dow has risen from 11062.78 to 15,559.14.
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