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

To: Les H who wrote (4806)	2/4/2011 4:29:23 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 119362

Prolly a top marker when it happens.....<NG>

To: Les H who wrote (4806)	2/4/2011 6:13:39 PM
From: No Mo Mo	1 Recommendation Respond to of 119362

"6 bear etf's to do 1-for-5 reverse splits 2/23" WTF? Are they kidding? Those things have only been around for just over two years. Just goes to show you what utterly ill-conceived pieces of sh*t they are for trading vehicles -- unless you had the ability to short and hold. 1-5 reverse ... let's see that'd give this puppy an ATH of, oh, right around 10,000 I truly hate the stock market. What a scam.

To: Les H who wrote (4806)	2/4/2011 10:28:06 PM
From: yard_man	Respond to of 119362

WTF!! why do they split and then reverse split -- someone explain the logic to me ... I guess cause VIX is going to SIX safehaven.com

To: Les H who wrote (4806)	2/4/2011 10:30:53 PM
From: yard_man	Respond to of 119362

this must be a way for them to make some coin -- since they aren't making money any other way >> Redemption of Fractional Shares and Tax Consequences for each Reverse Split As a result of the reverse splits, a shareholder of each ETF could potentially hold a fractional share. However, fractional shares cannot trade on NYSE Arca. Thus, each ETF will redeem for cash a shareholder's fractional shares at the Fund's split-adjusted NAV as of Feb. 23, 2011. Such redemptions could cause a shareholder to realize a gain or loss. Otherwise, the reverse split will not result in a taxable transaction for holders of ETF shares. No transaction fee will be imposed on shareholders for such redemption.<<