Savvy Nuggets

Ultrashort Real Estate Drop Demonstrates Unlimited Faith in a Recovery

I should've said it goes up the next day to where it started not "it rises 20%" but you get my point.



On Dec 17 10:24 PM Cool Beans wrote:

> Well these laymen of mathematics don't seem to understand that you
> can't really compare it's price now to what it was before the huge
> spike. Say SRS is at $100 and the real estate index drops 20% in
> one day so make $40. Then it rises 20% the next day so you lose
> .4*140=$56 and so on. Even though the shorted index is right where
> it started you're still $16 poorer. The author of this article seems
> to be ignorant of the concept. I can't believe how people buy and
> hold this thing. It's meant for trading only. Past prices are meaningless!
> The man who wrote this article is an idiot.
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> you can't really
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> On Dec 17 08:13 PM Flash Gordon wrote: