ProShares Short

Monday, July 10, 2006 | 02:40 PM

I am back in the saddle: Since returning, I am experimenting with the new ProShares ETFs; I own the Nasdaq Q short (PSQ) and the Dow short (DOG).

I am not interested in shorting the leveraged ETFs -- it seems too inefficient.

Having just gotten back, I am still pretty cash heavy, and looking to ease into some positions slowly. I am looking to put some money to work soon.

>

NOTE:  I am not yet endorsing these ETFs.  I wanted to trade with them (rather then outright short the Qs/DIA/SPY) to see if there is any advantage to working with them. Yeah, you can watch them, but its not the same as owning them -- even if its a small position. Focuses the mind and all that.

They are not very liquid yet, and trade with a big spread.

Other than you can get short in an IRA/401k accounts -- I'm not sure if there is any advantage over shorting QQQ/DIA/SPY.

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UPDATE July 10, 2006 3:30pm:

NO!  This is not a trading call -- this is merely me playing with these ETFs to see if they have any value. 

You can see why the attorneys hate this stuff here -- its so subject to misinterpretation.

Monday, July 10, 2006 | 02:40 PM | Permalink | Comments (50) | TrackBack (0)
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Comments

Barry,

I subscribe to Ritholtz Research and the only signals I have from it are that you went long and then closed out the QQQQs.

Is this an official signal?

Personally I'm still in cash with leap puts on the indexes I purchased back in May.

Posted by: khare | Jul 10, 2006 2:49:44 PM

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