ProShares Launches First ETFs to Provide Triple Exposure to S&P 500®
3 times pain....3 time gain
More
ProShares Launches First ETFs to Provide Triple Exposure to S&P 500®
3 times pain....3 time gain
More
Now your talking my language!
I have been holding back but decided to go long UYG @$5.50 this morning.
Maybe the market has more upward momentum?
TBT is up like a rocket today. Keep runnin'
What is wrong with this? Irrational exhuburance?
Wells Fargo is selling shares at $25 apiece to help repay $25 billion in government bailout funds.
The share price is a 1.9 percent discount from Monday's closing price of $25.49.
They are selling 426 million shares of common stock. The bank had 4.69 billion shares outstanding as of Oct. 30. So this is about a 10% dilution.
Wells Fargo shares hit $26.00 this morning.
So lets see....you dillute the stock 10% and get a 4% rise in share price.
.....And yes, I do have a short position on WFC.....kinda makes me scratch my head.
Stopped out of WFC @ $26.25 and AMD @ $8.90.....both losing trades for me.
Stopped out of short LSI @ $5.80....another loser
Shorting tech. Yikes!
Looks like shorting $6 and buying $5 has worked for LSI. Pretty clean range.
Better luck!
-- Tom | My Trades