I am back in the saddle: Since returning, I am experimenting with the new ProShares ETFs; I own the Nasdaq Q short (PSQ) and the Dow short (DOG).
I am not interested in shorting the leveraged ETFs — it seems too inefficient.
Having just gotten back, I am still pretty cash heavy, and looking to ease into some positions slowly. I am looking to put some money to work soon.
NOTE: I am not yet endorsing these ETFs. I wanted to trade with them (rather then outright short the
Qs/DIA/SPY) to see if there is any advantage to working with them. Yeah, you can watch them, but its not the same as owning them — even if its a small position. Focuses the mind and all that.
They are not very liquid yet, and
trade with a big spread.
Other than you can get short in an IRA/401k accounts — I’m not
sure if there is any advantage over shorting QQQ/DIA/SPY.
UPDATE July 10, 2006 3:30pm:
NO! This is not a trading call — this is merely me playing with these ETFs to see if they have any value.
You can see why the attorneys hate this stuff here — its so subject to misinterpretation.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.