SELL ProShares Short Russell 2000 (RWM)
Posted by intelledgement on Tue, 23 Aug 11
We are cashing in our insurance here with a 4% one-week profit because with Europe essentially closed for business through the end of August, we believe the need for short protection here is outweighed by the risk of a temporary market surge in the face of the combination of no fresh bad news and (false) reassurances likely coming from Ben Bernanke at the Jackson Hole confab by the end of this week.
We expect to be back again by early September.
Previous index short-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)
- SELL ProShares Short S&P 500 (SH) (12 Aug 11)
- BUY ProShares Short Russell 2000 (SH) (16 Aug 11)
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