Topic Archives: UltraShort Financials ProShares (SKF)

Late this morning my position in the UltraShort Financials ETF (SKF) hit its stop loss and I sold the position — I had a stop loss in position at 8%, and sold the shares today at about $132.50 mnhjbv  (that was an 8% drop from the spike up we had at the open this morning […]

I opened a small position in the Ultrashort Financials ETF from PowerShares (SKF).  This ETF returns 2X the negative return of the financial sector index, so it’s a leveraged bet that the financials will continue to fall.  This is really a speculation that the collapse in the financial stocks will continue, and that shoes will […]