Ultra consumer goods = ultra good short
8 Feb 2010 9: 25 am | Filed under: short sellingIn keeping with my idea of shorting the levered bull ETFs instead of buying the short ETFs, I’m going to be selling UGE, which has barely begun to fulfill its downside potential:
Source: Yahoo! Finance
I am wary of a bounce here, so new shorts at these levels are in small sizes. I’d like to add at higher prices.
- Tags: levered etf, shorting, UGE, ultralong etf
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(1 votes, average: 3 out of 5)
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Noah
February 8th, 2010 at 10:16 am
“Shares of this security are currently not available to short sell.” - - TDAmeritrade
Mike
February 8th, 2010 at 11:14 am
Try a better broker! Interactive Brokers and Think or Swim (recently bought by TDA) are pretty well liked by professional traders, and they are pretty good about getting borrows odd securities.