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Started By
Message
SDS?
Posted on 10/2/08 at 6:09 pm
Posted on 10/2/08 at 6:09 pm
Would it be stupid for me to put about $3500 into SDS on Monday (assuming a slight bounce tomorrow)? Or would I be better off in some sort of gold ETF or something not leveraged.
2
Posted on 10/2/08 at 7:07 pm to Southbound
quote:
Would it be stupid for me to put about $3500 into SDS on Monday (assuming a slight bounce tomorrow)? Or would I be better off in some sort of gold ETF or something not leveraged.
I had some SDS and exited this AM with a nice profit. I worry about these inverse etf having a problem if you see a major market dislocation either way.
I also have SRS and SEF, and I will exit those as soon as they turn positive. THey have a ton of slippage (i.e. XLF goes down 5%, they go up 2%).
This post was edited on 10/2/08 at 7:09 pm
Posted on 10/2/08 at 10:07 pm to MileHigh
Man its too bad SRS is all messed up. I would be pouring money into there if it accurately doubleshorted. Some days it will go down when its tracking index goes down.
Posted on 10/2/08 at 11:43 pm to LSUtoOmaha
quote:no shite.
Man its too bad SRS is all messed up. I would be pouring money into there if it accurately doubleshorted. Some days it will go down when its tracking index goes down.
Its a good idea.
Posted on 10/3/08 at 12:50 am to MileHigh
I have noticed it has been off this week as well as the long etfs (spy, dia) why is this?
Posted on 10/6/08 at 1:40 pm to Southbound
SDS 
Posted on 10/6/08 at 1:43 pm to MileHigh
Any worry about counterparty risk on the swaps that make up SDS?
Posted on 10/6/08 at 1:48 pm to igoringa
Well I don't really know how to answer the question, other than "slippage" has been minimal lately.
Posted on 10/6/08 at 2:04 pm to MileHigh
quote:
I worry about these inverse etf having a problem if you see a major market dislocation either way.
MH, can you elaborate on this please ?
Posted on 10/6/08 at 2:06 pm to Southbound
the short and ultrashort funds have been acting funny since the short ban. They also have counterparty issues. As in, you don't know who the counterparties are.
Posted on 10/6/08 at 2:41 pm to igoringa
quote:
Any worry about counterparty risk on the swaps that make up SDS?
Yes I am terrified of them, thus why I am exiting.
Plus, you could easily have a no bid situation if the market really tanks, i.e. no one wants to buy it at any price b.c the market is going down.
Posted on 10/6/08 at 10:23 pm to MileHigh
I ended up putting the 3500 into it on Fri morning. Should get out with my gain due to the counter party risks?
Posted on 10/7/08 at 7:43 am to Southbound
Posted on 10/7/08 at 5:04 pm to Zilla
i sold in AH at 92.80
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