Stockchase Opinions

Greg A. Taylor, CFA, BBA ProShare Ultra Financial E.T.F. UYG-N SELL May 07, 2009

(Market Call Minute.) A levered ETF on financials. Wouldn’t hold it over the longer term but more as a day trade.
$4.180

Stock price when the opinion was issued

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A tracker of the S&P financial sector. Double the exposure. Suspects that the financials are going to work their way through. If there is a deal this weekend and the financials are going to run for a little while, then this is going to give you a run for your money. Not a long-term hold. Buy it for a short-term basis.
COMMENT
US financial services sub sector. 2 X the market exposure. Short-term trading vehicles. If you think financials will rally in the next few days to 2 weeks and into the end of the year, this could be a very good vehicle. Not for a long-term play because of the leveraged traffic.