A Quick Profit in UltraShort ProShares
01/21/2009 10:53 am EST
These shares have had a volatile past, and on Tuesday rose more than $44 on news of dramatic losses in European banks and new lows for some of America's biggest banking names.
Today, SKF could run higher again, but be careful! This leveraged, contra-ETF can bite and sting if you happen to be on the wrong side of the market, so enter positions on a rally and don't chase it down.
By Sam Collins of OptionsZone.com