Skip to main content

ETF technology fund update:ROM

Closing notes: The ProShares Ultra Technology Fund closed at $28.50 per share with total daily volume of 604,728 shares traded. The Dow Jones US Technology Index closed at 432.98 up 3.32%.
On a positive note, one of the companies that make up a large percentage of the holdings of the ProShares Ultra Technology Fund- (Apple) had good news coverage today on CNBC.com, which in my opinion pushed the fund's NAV a bit higher.
It will be interesting to see how the fund will trade tomorrow. Remember this is a (2X) leverage fund. It returns twice the daily results of the index; so if you invested $1000 in the fund and the index increased 10% today, you would see a return of $200 today and vice-versa if the index went down 10% you would have a negative return on your investment by $200.

If you are interested in trading this fund or have a question concerning this fund call us for a free no cost consultation at 770-572-2715. Please note: You should seek professional advice before implementing any of the strategies discussed herein, since: (1) The strategies are general in nature and will not apply to every situation; (2) Other opportunities may be better suited to your particular needs; and (3) The rules and regulations are constantly changing.

Comments

Popular posts from this blog

Portfolio Update

By Rick Walter I have posted a new Biotechnology portfolio . It's total return as of November 25, 2009 is 3.4%. However, to download and use it you will have to subscribe to the portfolio, of course. On an important note, I consider each portfolio to be well diversified in its particular sector but I've recently decided to add stock futures and options positions to each portfolio which will increase each portfolio's return but lower the risks going forward.

Morning Update

By Rick Walter Still working on putting together a strong biotech portfolio. Here is a good general article on the state of the biotech industry that was posted yesterday on the online Wall Street Journal's site- Biotech Stocks Hot Right Now, Ho-Hum in the Long Run.

Diversification and Risk

I am always trying to come up with new combinations of investments for the next exciting portfolio. Lately, I've been sort of stuck. The norm would be to build something like a QQQ portfolio , a Russell 1000 , or a Russell 2000 portfolio , maybe even a Mid-Cap or Small-Cap portfolio . Boring stuff if you think about it. I could get a little radical and try to build a pop culture type theme portfolio like the Sopranos portfolio , the Donald Trump portfolio - "your fired", or the Obama vs. Dick Cheney portfolio - a long/ short portfolio of course, with lots of defense stocks on the Cheney side of the portfolio. How about a Weapons of Mass Destruction portfolio - that would be a derivatives based portfolio with lots of CMOs'- sub-prime mortgages in the mix. Heh-heh-heh! We could really get creative and produce some wonderful stuff, but I don't know if they would make any money. Or maybe, I could build a portfolio such as a moderate Mid-Cap portfolio and just give it...