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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (11485)3/12/2001 9:53:26 PM
From: DlphcOracl  Read Replies (2) of 37746
 
Velociraptor & Thread: The ProFunds Ultra OTC fund is losing 12-15% PER DAY!! and has gone from $140 to $10.37 at today's close. Does this fund have the potential to go to zero??!!

I was considering using this as a vehicle to play the NASDAQ long but am concerned that fund may go bankrupt. Does anyone have any ideas or thoughts on this?

P.S. Fortunately, I do not own any shares of this hypervolatile fund as yet, but do not want to buy into something that can go to zero.
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