Zamansky & Associates has been retained by investors who
purchased shares of the UltraShort Real Estate ProShares fund (SRS
Fund), an exchange-traded fund (ETF) offered by ProShares Trust,
self-described as “the world’s largest manager of short and
leveraged funds.” We are also investigating cases on behalf
of other investors who purchased shares of the following ProShares
Trust funds:
Posted by pthoreson on 7th of Mar 2010 at 01:45 pm
I doubt the lawsuit had any bearing on SRS price.
With an ETF the price is generally based on an index, in the
case of SRS it is 2x the inverse of the Dow Jones US Real Estate
Index, $DJUSRE in TradeStation. That index was up 2.46% on Friday.
SRS was down 5.31%. Though the SRS decline did exceed 2x the rise
of the index, some of that decline took place in AH. The
NAV (Net Asset Value) for SRSwas $6.79 at closing on Friday,
which is exactly where the price was.
Posted by epmaruggi on 5th of Mar 2010 at 08:06 pm
Heavy volume came in at the close. VWAP at 6.93 and serious
resistance at 7.16. Could bounce from near here. If it can
eventually clear 7.27, the next serious resistance is 7.44. Above
that is 9.64 and 14.27.
The one thing that i see in favor of SRS is the RSI on the
DJUSRE index. On the hourly chart, when RSI has hit these levels
there is generally a sharp pullback within one to three days.
The 14/3 stochastic on the index typically shows a negative
divergence prior to a pullback though, and has only just barely
curled over at this point. The daily chart shows RSI in a negative
divergence since August, and the stochastic near a peak. At 96.06
on the daily, stochastic is at or near where prior pullbacks
have occurred. But, it has not yet rolled over so the index could
still move higher.
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srs
Posted by mikeovanes on 5th of Mar 2010 at 06:43 pm
ProShares Leverage ETF Class Action Lawsuits
Zamansky & Associates has been retained by investors who purchased shares of the UltraShort Real Estate ProShares fund (SRS Fund), an exchange-traded fund (ETF) offered by ProShares Trust, self-described as “the world’s largest manager of short and leveraged funds.” We are also investigating cases on behalf of other investors who purchased shares of the following ProShares Trust funds:
I doubt the lawsuit had
Posted by pthoreson on 7th of Mar 2010 at 01:45 pm
I doubt the lawsuit had any bearing on SRS price.
With an ETF the price is generally based on an index, in the case of SRS it is 2x the inverse of the Dow Jones US Real Estate Index, $DJUSRE in TradeStation. That index was up 2.46% on Friday. SRS was down 5.31%. Though the SRS decline did exceed 2x the rise of the index, some of that decline took place in AH. The NAV (Net Asset Value) for SRSwas $6.79 at closing on Friday, which is exactly where the price was.
You live and die by
Posted by window72 on 6th of Mar 2010 at 01:05 am
You live and die by the sword, they should have some honour.
Reminds me of when there was talk of suing the UK Govt over Railtrack.
http://news.bbc.co.uk/1/hi/business/1592818.stm
Heavy volume came in at the close
Posted by epmaruggi on 5th of Mar 2010 at 08:06 pm
Heavy volume came in at the close. VWAP at 6.93 and serious resistance at 7.16. Could bounce from near here. If it can eventually clear 7.27, the next serious resistance is 7.44. Above that is 9.64 and 14.27.
Title: SRS The one thing that
Posted by pthoreson on 7th of Mar 2010 at 02:38 pm
The one thing that i see in favor of SRS is the RSI on the DJUSRE index. On the hourly chart, when RSI has hit these levels there is generally a sharp pullback within one to three days. The 14/3 stochastic on the index typically shows a negative divergence prior to a pullback though, and has only just barely curled over at this point. The daily chart shows RSI in a negative divergence since August, and the stochastic near a peak. At 96.06 on the daily, stochastic is at or near where prior pullbacks have occurred. But, it has not yet rolled over so the index could still move higher.