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  • Armageddon Postponed [View article]
    Something very screwy going on in the options market. Indices have no ask. JPM puts all over the place, no volume on crazy quotes. And then there's a press release explaining why SKF was frozen at 9:30 this morning...


    Bethesda, MD, September 19, 2008 – Due to the emergency action
    announced by the Securities and Exchange Commission on September 18, 2008, temporarily prohibiting short sales of shares of certain financial companies, Short Financials ProShares (SEF) and UltraShort Financials ProShares (SKF) are not expected to accept orders from Authorized Participants to create shares until further notice. Unless notified otherwise, shares will be available for redemption by Authorized Participants as normal. The shares of these ProShares are expected to continue to trade in the financial markets today, but may trade at prices that are not in line with their intraday indicative values.


    Media contact:
    Tucker Hewes, Hewes Communications, Inc., (212) 207-9451
    Sep 19 12:17 pm |Rating: +1 -1
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