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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (148073)9/19/2008 1:06:50 PM
From: The ReaperRespond to of 306849
 
Yeah but those dividend may be getting smaller as time goes by the way things are going. On a seperate note, has Russia opened their stock market yet? You would think that now that the all clear has been given by Hank and the boyz.....



To: patron_anejo_por_favor who wrote (148073)9/19/2008 1:41:47 PM
From: The ReaperRead Replies (2) | Respond to of 306849
 
I really want to get short IYR up here at 66+ (I've been waiting for this price, triple top and all) but who knows what hairbrained scheme is going to be launched over the weekend that's gonna juice it another 5 points.



To: patron_anejo_por_favor who wrote (148073)9/21/2008 2:40:17 AM
From: XBritRespond to of 306849
 
<<SRS is really a pretty crappy instrument compared with simply shorting IYR>>

I totally agree about SRS. Any Ultra fund (long or short) whose underlying has high random volatility will have really bad slippage because of the basic math of how they work:

siliconinvestor.com
siliconinvestor.com

SDS is OK for long-term hold because the SPX index has relatively low random volatility:

finance.yahoo.com

But SRS, SKF, FXP etc. are terrible:

finance.yahoo.com

However, the double long funds also slip a bit. So I think shorting URE will probably be better (and give you more bang for the buck) than IYR.

Edit: although URE has only 1/10 the volume of IYR, so you may not find any shares to borrow.