SELL ProShares Short S&P 500 (SH)
Posted by intelledgement on Fri, 12 Aug 11
We are cashing in our short “insurance” here at a profit. We still believe it prudent to be short, and we are planning to short the Russell 2000 instead of the S&P 500 because we feel the cyclical growth slowdown that is occurring is likely to hurt smaller companies more than larger ones. However, we may wait a few days to see how the latest European can-kicking effort goes; if the market believes there is a good chance it will “succeed,” then we may have an opportunity to get in at a significantly lower price.
Previous SH-related posts:
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 May 09)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 Jul 09)
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (6 May 10)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 May 10)
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (25 May 10)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (4 Nov 10)
- BUY ProShares Short S&P 500 (SH) (16 Jun 11)
