Stockchase Opinions

Ken McCordHBP S&P 500 Bear+ ETFHSD.TOTOP PICKNov 04, 2009

S&P 500 Bear+ ETF. He is bearish on the market in general. This is a levered product at 2X and is not for the faint of heart. His strategy would be to have a half position against his 2 full positions in his other Top Picks.
$17.73

Stock price when the opinion was issued

$15.12

As of Jan 17, 2025. Market Open.

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COMMENT
Okay using inverse ETFs, but better to stay in 1x leverage. Can use them short term. In the short run, there could be more pull back. Does not think we will see much below $4,100 or $4,200 this year. Looking for more pullback but not a whole lot more.
COMMENT
S&P 500 Bear+ ETF. Double leveraged. Very good product but you have to remember that it is a short term trading vehicle with the basic hold of about 6 days..
DON'T BUY
A short term investment. You can see the volatility from 2009. You buy this if your think the market is going down. Over the next little down.
BUY
Going down because market is going up and this is how they play. Could test 50 day moving average in the short term so there is upside potential within next month or two.