100x Leveraged ETFs

Wow!...

"First 100x Leveraged ETFs
November 13, 2009

Kelly Capital is proud to announce on Friday the 13th the world's first pair of 100x leveraged ETFs: Kelly Daily Nasdaq 100 Bull 100x Shares (SOAR) and Kelly Daily Nasdaq 100 Bear 100x Shares (SINK). The investments seek to replicate, net of expenses, 10,000% of the daily performance of the Nasdaq 100 Index in the case of SOAR, and 10,000% of the inverse daily performance in the case of SINK. The funds will invest at least 80% of assets in securities that comprise the index. They will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The funds are nondiversified."

Posted by Jason Kelly at 7:13 PM Japan time
email this | permanent link | archives | label directory
Look inside The Kelly Letter

More... http://jasonkelly.com/

Why?

Maybe for all those times when one doubled down with 83 and the house beat you with K6? If you're almost broke you might as well take a shot at getting it all back, you only have to be right one time?

No thanks, i'll stick to the nickel slots and buffet specials at the Indian casino. Can't beat the free show and cheap entertainment, two entirely different things by the way.