IYR: "I've started scaling into SRS because I'm not confident that IYR will make it that much higher." -01/07/09 TheFinancialNinja
SRS: "Picked some up below $50. Looking to scale in... " -01/07/09 TheFinancialNinja
A drop to $30 on the Real Estate iShares (IYR) is probable before an oversold bounce becomes a possibility. The ProShares Ultrashort RealEstate (SRS) ETF is an easy, fun and dangerous way to play out your most Bearish fantasies for real estate.
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"Orwellian accounting cannot damp economic cycles"
35 minutes ago
8 comments:
Any tentative initial price target on SRS for the move that has started?
Thank you Ben. I have done well monitoring your site. Got SRS calls and am short VNO and SPG (regional malls..ugggh). Also short JPM but that's a kinda revenge thing for damage they have caused in market manipulation.
Josh
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