Is SPXU a buy? - Seeking Alpha

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HEADLINES:

S&P 500 Snapshot: Fractional Gain To A New High
Doug Short • Wed, May 22 • 3 Comments
The S&P 500 Enters A Post-Transition Period
Ironman at Political Calculations • Mon, May 20 • 17 Comments
S&P 500: Up 1001 Points
Doug Short • Sun, May 19 • 2 Comments
Going Fractal With The S&P 500: An After-Action Report
Ironman at Political Calculations • Tue, May 14
S&P 500: Squeaks Out A New All-Time High By 7 Basis Points
Doug Short • Tue, May 14
Still Bullish
Bespoke Investment Group • Mon, May 13 • 1 Comment
S&P 500 At Another Record: Update On Earnings, Valuation And Estimates
Pendulum • Mon, May 13
Market Running On Fumes, Prepare Your Exit Strategy
Alberto Savrieno • Sun, May 12 • 70 Comments
S&P 500 Snapshot: Closing The Week At A New All-Time High
Doug Short • Sun, May 12 • 2 Comments
S&P 500 Snapshot: The 5-Day Rally Ends
Doug Short • Fri, May 10 • 1 Comment
S&P 500 Snapshot: Fifth Consecutive All-Time High
Doug Short • Thu, May 9
S&P 500 Snapshot: Fourth Consecutive All-Time High
Doug Short • Wed, May 8
S&P 500 Snapshot: Another All-Time High
Doug Short • Tue, May 7
S&P 500 Snapshot: All-Time High Above 1600
Doug Short • Sun, May 5 • 1 Comment
S&P 500 Snapshot: Another Closing High (By 2 Basis Points)
Doug Short • Fri, May 3 • 2 Comments
S&P 500 Snapshot: May Is Off To A Bad Start
Doug Short • Thu, May 2
S&P 500 Snapshot: Another All-Time High
Doug Short • Wed, May 1 • 1 Comment
S&P 500 Snapshot: New All-Time High
Doug Short • Tue, Apr 30
S&P 500 Snapshot: The Rally Stalls
Doug Short • Sun, Apr 28 • 1 Comment
S&P 500 Snapshot: Day 5 Of The Rally
Doug Short • Fri, Apr 26 • 1 Comment

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How To Profit From Apple's Next Big Selloff
Jack Holland • Mon, Mar 26, 2012 • 43 Comments
SPXU: Reading The Central Banker Tea Leaves
Jack Holland • Mon, Jan 30, 2012 • 5 Comments
S&P Rallies On Anemic Volume, ProShares UltraPro Short S&P 500 ETF Is Still In Play
George Maniere • Tue, Oct 11, 2011 • 25 Comments
SPXU Has Broken Out
George Maniere • Fri, Sep 23, 2011 • 12 Comments
SPXU Still Is A Buy
George Maniere • Wed, Sep 14, 2011 • 13 Comments
Prepare for an Exceedingly Treacherous Market
David M. Gordon • Wed, Jun 2, 2010 • 3 Comments
Look Out Direxion: ProShares Launches Line of 3X Leverage and Inverse ETFs
Invest With An Edge • Fri, Feb 12, 2010 • 9 Comments

S&P 500 Snapshot: Fractional Gain To A New High
Doug Short • Wed, May 22 • 3 Comments
The S&P 500 Enters A Post-Transition Period
Ironman at Political Calculations • Mon, May 20 • 17 Comments
S&P 500: Up 1001 Points
Doug Short • Sun, May 19 • 2 Comments
Going Fractal With The S&P 500: An After-Action Report
Ironman at Political Calculations • Tue, May 14
S&P 500: Squeaks Out A New All-Time High By 7 Basis Points
Doug Short • Tue, May 14
Still Bullish
Bespoke Investment Group • Mon, May 13 • 1 Comment
S&P 500 At Another Record: Update On Earnings, Valuation And Estimates
Pendulum • Mon, May 13
Market Running On Fumes, Prepare Your Exit Strategy
Alberto Savrieno • Sun, May 12 • 70 Comments
S&P 500 Snapshot: Closing The Week At A New All-Time High
Doug Short • Sun, May 12 • 2 Comments
S&P 500 Snapshot: The 5-Day Rally Ends
Doug Short • Fri, May 10 • 1 Comment
S&P 500 Snapshot: Fifth Consecutive All-Time High
Doug Short • Thu, May 9
S&P 500 Snapshot: Fourth Consecutive All-Time High
Doug Short • Wed, May 8
S&P 500 Snapshot: Another All-Time High
Doug Short • Tue, May 7
S&P 500 Snapshot: All-Time High Above 1600
Doug Short • Sun, May 5 • 1 Comment
S&P 500 Snapshot: Another Closing High (By 2 Basis Points)
Doug Short • Fri, May 3 • 2 Comments
S&P 500 Snapshot: May Is Off To A Bad Start
Doug Short • Thu, May 2
S&P 500 Snapshot: Another All-Time High
Doug Short • Wed, May 1 • 1 Comment
S&P 500 Snapshot: New All-Time High
Doug Short • Tue, Apr 30
S&P 500 Snapshot: The Rally Stalls
Doug Short • Sun, Apr 28 • 1 Comment
S&P 500 Snapshot: Day 5 Of The Rally
Doug Short • Fri, Apr 26 • 1 Comment

There are no Transcripts on SPXU.

Mark Hulbert: Contrarian indicator with bullish message

at MarketWatch.com (Jan 28, 2011)

SPXU vs. ETF Alternatives

SPXU Description

ProShares UltraPro Short S&P500 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P 500®.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Core Building Blocks: A Guide to ETFs That Divide the U.S. Stock Market by Market Cap
Asset Class Performance: Market Cap

All
| Earnings
| Dividends
| M&A
| On the move

Tuesday, May 21, 3:34 PM Major hedge funds have suddenly turned bullish, reportedly buying massive amounts of OTC call options on the S&P 500 (SPY). The purchases have been large enough to send the VIX (VXX) higher even as stocks continue to gain. An important milestone - the implied volatility of S&P calls is now greater than that of puts, a true rarity since 2007. 19 Comments
Tuesday, May 21, 8:49 AM Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways," is #4 of Bob Farrell's "Market Rules to Remember." Channeling that, BAML's Steve Suttmeier sees stocks continuing their run with risks of a topping-out not arriving unti late summer. He's most bullish on industrials (XLI) - particularly "oversold" EXPD, DE, CAT, FDX - and also thinks financials (XLF) will remain market leaders. 4 Comments
Tuesday, May 21, 5:40 AM Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T). 10 Comments
Sunday, May 19, 9:52 AM There is no precedent for the current market, writes The Fat Pitch. Consider: 1) The S&P (SPY) has been up 56 of 88 trading sessions this year 2) It's up an uncorrected 24% since the post-election low - the longest streak in over 3 decades 3) The Nasdaq (QQQ) is on pace for a 7th straight up month, an occurrence with a 3-in-100 probability. Long term it's bullish, writes Ukarlewitz, as this sort of strength is rarely the end of a trend. Short term? Stay nimble. 51 Comments
Saturday, May 18, 9:15 AM Leon Cooperman and partner Steve Einhorn keep it simple: Stocks (VTI) are cheap relative to interest rates and inflation. The guy who bought T-bills (SHY) has migrated to T-bonds (TLT), the guy who bought T-bonds has moved to investment grade corporates (LQD), the guy who bought IG is now in high-yield (HYG, JNK), and so on (glasses clink in the FOMC board room). Their largest position is Sprint Nextel (S) - as fans of Masayoshi Son and long-time owners of DISH, the duo like seeing two industry titans both wanting the same asset. New Citigroup (C) management should be able to double ROE over the next 2-3 years, and Transocean (RIG) sells for a significant discount to asset value. 4 Comments [Quick Ideas]
Friday, May 17, 8:13 AM Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF). Comment!
Tuesday, May 14, 8:03 AM More from Tepper: "We're going to get this hyper-drive market," unless the Fed starts tapering its purchases, he says (referencing 1999), adding the June meeting wouldn't be a bad time to get started. He pulls out this chart from a recent FRBNY report, showing stocks remain cheap - the equity premium to bonds is as high as it's been in the last 50 years. 16 Comments
Tuesday, May 14, 7:52 AM Tepper stays bullish. Confounding gnomes who whispered the hedge fund honcho was turning cautious on stocks, David Tepper tells the CNBC crew the wave of liquidity that turned him bullish in the first place is getting even bigger. Fed tapering? So what, he says. The U.S. budget deficit over the next 6 months will only be $100B, while the Fed is scheduled to buy about $500B. That's $400B coming out of the bond market and going to investors who can buy more fixed-income, more real estate, more stocks. SPY erases losses and gets back to flat premarket. 11 Comments [Breaking News]
Saturday, May 11, 10:13 PM "They say unemployment rate, but they really mean" the S&P 500 (SPY), says David Rosenberg, referring of course, to the esteemed members of the FOMC. "After all, to get the wealth effect to work on spending, you have to generate the wealth," he continues. As for the sustainability of the rally in both equities and fixed income, Rosenberg is having déjà vu: "Distortions caused by negative real interest rates, the mis-pricing of risk and promotion of leverage sounds a lot like the previous cycle … enjoy it while you can." (Also: NYSE margin debt signals return of leverage) 10 Comments [U.S. Economy]
Friday, May 10, 8:33 AM The S&P 500 (SPY) has yet to have even a 4% correction this year, with the only other time since 1980 the index made it to this point without one being 1995, according to Miller Tabak. The S&P went on the finish 1995 with a 34% advance that was but a small precursor to gains yet to come. One difference: 1995's gain was led by cyclicals and tech. This year's by defensive sectors (though showing signs of rotation). 4 Comments
Monday, May 6, 8:40 AM Laszlo Birinyi ups his S&P 500 (SPY) target this year to 1,900, the index having already hit his original 1,600 guess. He says this year's bull market most resembles the patterns etched in 1982 and 1990, suggesting another 20% of upside. "In addition to the historical parallels, we still view sentiment as subdued and nowwhere approaching extremes." 11 Comments
Monday, May 6, 7:27 AM The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY, XLE, XLI, XLB) which are more undervalued vs. defensives (XLU, XLP, XLV, XTL) than at any time in the last 15 years. "Given the 4 P/E multiple point head start, even a slight valuation normalization should translate into outperformance of cyclicals over defensives during the next 12 months." 1 Comment
Monday, April 29, 10:40 AM Not confirming the nice move in the S&P (SPY) since March is the 10-year Treasury yield, today hitting another 2013 low of 1.65% (TLT +0.2%). Yields and stocks have move broadly together for years - especially so for the last year - but began to diverge about 2 months ago. Another notable divergence is the Russell 2000 (IWM) - trending lower for the last 6 weeks. 3 Comments
Wednesday, April 24, 10:10 AM Turning 10 this week, the Guggenheim S&P 500 Equal Weight ETF (RSP) has outperformed the SPY by 5,900 basis points since its launch. The RSP was one of the pioneers of equal-weighting - created in the aftermath of the 2000 bust to give investors exposure to stocks without so high a focus on large caps (the so-called "Cisco effect"). It's time for a renaming to the "Apple effect" as QQQE - the Nasdaq 100 Equal Weighted ETF - has outperformed the QQQ by 850 bps YTD. 3 Comments
Monday, April 22, 11:08 AM "When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it's probably about time to cash in the chips," writes John Hussman, commenting on Saturday's Barron's cover. Ryan Detrick notes the Barron's big money poll was decidedly more bearish 6 months and 1,000 Dow (DIA) points ago. 5 Comments
Thursday, April 18, 9:03 AM After dropping to the lowest level since March 2009 last week, bulls gain 7.5 points to 26.8% in the AAII Investor Sentiment Survey. The long-term average of bulls is 39%. Those bearish drop 6.3 points to 48.2% - still well above the long-term average of 30.5%. From Bespoke is this chart of the SPY vs. the AAII bulls since 2009. 3 Comments

jason2713
HFT taking over. I hope they tank it. doubled $SPXU for avg 22.85 after selling $BVN $GLD and $UVXY. buys 23.88 and 21.77
8 hours ago
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jason2713
$SPXU (avg $24.28) $UVXY (avg $5.85) - 40% cash. Slowly building short positions. Staying very patient.
May 8, 10:48 AM
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jason2713
$BVN, $SPXU, 75% cash. Terrible economic number met by more printing?
May 1, 10:03 AM
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jason2713
$SPXU firmly green now.
Apr 26, 10:53 AM
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jason2713
$SPXU $UVXY $GLD my holdings. 75% cash. Please keep selling me your $GLD.
Apr 26, 7:37 AM
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jason2713
bought $SPXU
Apr 25, 11:15 AM
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dak269: holding 200 shares of QID...taking a slight hit...
Apr 25, 11:58 AM
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jason2713: I'm building slowly. I want $UVXY and $SPXU to fall more.
Apr 25, 1:23 PM
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muchodinero
Serious bleeding today... $IWM in real pain, $SPXU breaking out. R U short?
Apr 15, 6:05 PM
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Jeff Pierce
NYSE Summation Index Slowly Crawling Down http://stks.co/p1n2 $SPXU
Feb 7, 3:49 PM
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REIT
many here have forgot about TZA, EDZ, SPXS, and SPXU, etc....
9/26/12
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bdubya13: I already do regret em...
9/26/12
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444: see, REIT there's a reason many have forgot. BD: just trying to spare you some of the pain I endured on the other side of that coin ystdy
9/26/12
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The_American
PFE GSK MRK LLY UNH money flows possible pullback due to DJIA Transpoorts SH indicator in DIA QQQ SPY straddle DXD SQQQ SPXU PMs GLD SLV DBC
9/24/12
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LATEST REPLIES

jason2713
bought $SPXU
Apr 25, 11:15 AM
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dak269: holding 200 shares of QID...taking a slight hit...
Apr 25, 11:58 AM
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jason2713: I'm building slowly. I want $UVXY and $SPXU to fall more.
Apr 25, 1:23 PM
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REIT
many here have forgot about TZA, EDZ, SPXS, and SPXU, etc....
9/26/12
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bdubya13: I already do regret em...
9/26/12
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444: see, REIT there's a reason many have forgot. BD: just trying to spare you some of the pain I endured on the other side of that coin ystdy
9/26/12
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1980XLS-2.0
Gap down. Enjoy it. I will be. UVXY SPXU
8/21/12
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briandiplacido: I was going to purchase a little UVXY to hedge my one long going into morning; figured I "didn't really need it". Doh!
8/21/12
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det9: Took some profits from 4.94 to 5.40 but still holding...
8/22/12
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1980XLS-2.0
From these levels, one single "Draghi Bomb" and it's curtains. VXX, SPXU
8/15/12
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1980XLS-2.0: "The Count" counts backwards. Lower & lower
8/15/12
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briandiplacido: Countago!
8/15/12
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bradyc
reshort COH 56.7, XIV 13.55, bought SPXU and SPPI 12
8/8/12
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bradyc: covered COH to short more XIV, like XIV at this level!
8/8/12
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Brandon Gibbs
Ugh.. SPXU position annihilated
7/27/12
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Ocean Man: Even worse when your longs weren't the sectors that went up. That's when "imperfect hedging" makes you want to tear your hair out.
7/28/12
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Brandon Gibbs: Yea I'm still working on my hedging strategy, gotta moves longs around a bit better also. Too much hope for some names
7/28/12
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Brandon Gibbs
Lots of breaks below uptrend on many charts, UUP moving up, short the mkt SDS SPXU SQQQ
7/12/12
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Brandon Gibbs: Actually in SDS July 14 calls at the moment, wanna move in SPXU, it reacts better for me
7/12/12
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Brandon Gibbs: Yea real, once my core holdings stop out I guess it's not haha
7/12/12
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Brandon Gibbs
Out of SPXU July 44 calls @ 4.50, bought yesterday @ 3.30
7/6/12
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Andrew Mann: DOWNSIDE!
7/6/12
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Brandon Gibbs: When Andrew?
7/6/12
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The_American
GLD should have good entry soon with SLV to follow. TVIX is up in my most recent stock talks for DIA QQQ SPY is the SQQQ SDS SPXU DXD GLL SH
5/5/12
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The_American: Have yo seen your BS GLD and SLV and look you awake tomorrow btw SQQQ SDS SPXU are up over 20% TVIX I'll add to the list. HL was up and out
5/11/12
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jeanewight: I scraped together money to buy a small amount of SH and it was one of a very few I own that ended in the green.
6/1/12
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Perkins Cove
SPXU has reverse split. Was this previously announced?
5/11/12
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Prutti: yeah, i own SPXU and SRTY, checked my stocks on my phone first thing in the morning and was like, I'm RICH BIIAATCH!
5/11/12
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Prutti: then i realized what had happened
5/11/12
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mun2000
SPXU baby somebody touch the wrong button .The fake rally is showing the true face .Elevator down
4/24/12
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OneLongTrade: I think we're going much lower. All we need to see is a break of 1359 on the SPX.
4/24/12
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mun2000: not today
4/24/12
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H. T. Love
Stop hit, took 1.3% loss on SPXU play.
3/30/12
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Andrew Mann: The contagion fears will be swift, and punish instantly.
3/30/12
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H. T. Love: I've still got my SPXU from a month or so back. I figure it pays off after mid-april sometime.
3/30/12
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Jack Holland
Watching for a crack in Apple's (AAPL) armour, buying SPXU for next selloff.
3/27/12
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J. A. Saglimbeni: Quality usually trades well even in bear markets...(minus 08/09)...long AAPL, MA, INTC, MSFT, GOOG...quality!
3/27/12
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Jack Holland: Love your spirit J.A. !
3/27/12
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XPP
Considering: SDS and SPXU .. waiting for a 15-30 percent correction. Why? China exports slowing more than most expected.
3/12/12
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arrow13: I may eat this one, but shorted AA on the same china thoughts....
3/13/12
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jdub2788
wow SPXU under $10. Unreal.
3/2/12
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cheme: It's as real as the headlights on HoSS.
3/2/12
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jdub2788: :)
3/2/12
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SPXU ProShares UltraPro Short S&P 500 ETF

SPXU

ProShares UltraPro Short S&P 500 ETF