rbitrage

James Trefethen

Real Money Earned: $1.38
Location: Fort Collins, CO
Member Since: 4/01/08
Portfolio Total:$898,785.00

Stock Analysis: 28

Portfolio Start Date11/02/09
Annualized Return:-204.4%
Total Return:-10.1%

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Stock Pick by James Trefethen

UPRO: Hold on Tight!

Start trading UPRO with real money!

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Posted 94 days ago on 8/19/09

Market call:UPRO will go UP
Target: $200.00 on 9/19/09
Current: $141.81 (29.87% from time of market call)

This security is designed to have THREE times the movement of the S&P 500 every day. WOW! The S&P is on a roll right now, showing good strength. If you have any belief in the stock market, hold this one for the long term. This Exchange Traded Fund (ETF) is NOT for the faint of heart, however. It will fluctuate very wildly. My advise is to buy it and then hide it somewhere where you cannot see it for a good twenty years.

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Steve Brufatto

Posted 8/31/2009, 10:25 pm

The longer you hold these types of ETFs the more they cost. I buy them all the time but they arent long term holds. You might wanna check the fees they come with ;)

James Trefethen

Posted 8/19/2009, 5:28 pm

Instead of 30 days, I meant 3 years. -James

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