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Proshares UltraShort Financials (NYSE:SKF): Stock of the Day

Wed, 28 Jan 2009 17:50:00 GMT

Proshares UltraShort Financials (NYSE:SKF): Stock of the Day by David Fessler, Advisory Panelist, Investment U When Bad is Good We’re nearly a month into the New Year, the United States has a new President, and many investors are looking forward with more than a little trepidation. They’re wondering if it’s at all possible to eke out a few gains in the coming months. It’s a safe bet most investors didn’t do well last year. A quick look at how the major indexes have down in the last 13 months sums it up fairly well: the DOW is down 39%, the [More...]

Stay Away from Financial Stocks

Mon, 05 Jan 2009 20:53:00 GMT

I was recently perusing some investing blogs and ran across an article (1) I feel adequately captures my concerns (and belief) that financial mass destruction is probable in 2009. Rakesh Saxena, the article's author, does a good job explaining the unbelievable amount of financial engineering by the likes of Citigroup (NYSE: C (2)), JP Morgan (NYSE: JPM (3)), Bank of America (NYSE: BAC (4)), Lehman Brothers, Bear Stearns, and many others. Reading this article, as well as the insightful comments, reminded me of two specific reasons why I urge everyone I know to stay away from financial stocks - even shorting them. What Do Banks Do? In the aforementioned article, one part I found particularly amusing was Vikram Pandit's response to a question posed at a Town Hall meeting: Responding to a rhetorical “What does a bank do?” question at a Town Hall meeting last November, Citigroup (C (5)) CEO Vikram Pandit explained that “a bank takes deposits and puts them to work by investing[More...]

8 Inverse ETFs To Profit From Economic Meltdown

Mon, 29 Sep 2008 18:05:00 GMT

The news is saturated with Hank Paulson’s $700 bailout plan. This is diverting attention away from the increasingly bleak outlook for the wider economy.[More...]

Dave Fry's Market Comments for September 23

Tue, 23 Sep 2008 22:29:00 GMT

MARKET COMMENT September 23, 2008 HERE’S THE TAB All eyes were glued on senate testimony today which should have featured an optimistic Turnaround Tuesday. But, no, as such it was a flop despite some intraday attempts to rally. The only thing that reversed course today was profit-taking in gold and oil. What’s the problem?[More...]

The Wagner Daily - August 22, 2008

Fri, 22 Aug 2008 12:43:00 GMT

Stocks oscillated in a sideways to slightly higher range through another lackadaisical session yesterday, causing the major indices to finish with mixed results. The S&P 500 advanced 0.3% and the Dow Jones Industrial Average eked out a gain of 0.1%[More...]

The Wagner Daily - August 18, 2008

Mon, 18 Aug 2008 12:30:00 GMT

A choppy, range-bound session last Friday caused stocks to close out the week with little fanfare. Oscillating in a tight, sideways range throughout the entire day, the major indices posted mixed results.[More...]

The Wagner Daily - August 15, 2008

Fri, 15 Aug 2008 14:14:00 GMT

After gapping lower on the open, the major indices quickly reversed into the plus column. Stocks continued their advance through mid-day, but afternoon weakness again caused stocks to surrender a chunk of their intraday gains.[More...]

The Wagner Daily - August 14, 2008

Thu, 14 Aug 2008 13:15:00 GMT

Stocks got off to a rough start yesterday morning, but a mid-day reversal lifted the major indices back into positive territory. However, another round of selling in the final hour caused the main stock market indexes to finish with mixed results.[More...]

The Wagner Daily - August 13, 2008

Wed, 13 Aug 2008 12:16:00 GMT

Momentum from Monday afternoon's weakness spilled over into Tuesday's session, causing stocks to take a step back yesterday. The S&P 500 and Dow Jones Industrial Average surrendered their previous day's gains, and then some, causing both indexes[More...]

Safe to buy the Ultra Short Financials Again?

Wed, 13 Aug 2008 00:40:00 GMT

Monday I bought the ProShares Ultra Short Financial ETF (SKF). I have bought and sold this ETF several times in the past year or so.[More...]

Stull, Stull & Brody Announces Class Action On Behalf of Investors in ProShares Ultra Financials Fund

Fri, 16 Oct 2009 21:07:00 GMT

Notice is hereby given that a class action has been commenced on behalf of all persons who purchased or otherwise acquired shares in the Ultra Financials Fund (the "UYG Fund") (NYSE: UYG), an exchange-traded fund ("ETF") offered by ProShares Trust ("ProShares"), pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement") issued in connection with shares of the UYG Fund (the "Class").
In addition to investigating claims concerning ProShares UYG Fund, Stull, Stull & Brody is also investigating claims on behalf of investors in ProShares leveraged funds (the "Funds") (see list below), such as whether ProShares failed to disclose in its registration statements: (i) that if shares of the Funds were held for a time period longer than one day, the likelihood of massive losses was huge; and (ii) the extent to which performance of the Funds would invariably diverge from the performance of the benchmark.
Fund Ticker Symbol UltraShort QQQ (NYSE: QID) UltraShort Dow30 (NYSE: DXD) UltraShort S&P500 (NYSE: SDS) UltraShort Russell3000 (NYSE: TWQ) UltraShort MidCap400 (NYSE: MZZ) UltraShort SmallCap600 (NYSE: SDD) UltraShort Russell2000 (NYSE: TWM) UltraPro Short S&P500 (NYSE: SPXU) UltraShort Russell1000 Value (NYSE: SJF) UltraShort Russell1000 Growth (NYSE: SFK) UltraShort Russell MidCap Value (NYSE: SJL) UltraShort Russell MidCap Growth (NYSE: SDK) UltraShort Russell2000 Value (NYSE: SJH) UltraShort Russell2000 Growth (NYSE: SKK) UltraShort Real Estate ProShares Fund (NYSE: SRS) UltraShort Basic Materials (NYSE: SMN) UltraShort Consumer Goods (NYSE: SZK) UltraShort Consumer Services (NYSE: SCC) UltraShort Financials (NYSE: SKF) UltraShort Health Care (NYSE: RXD) UltraShort Industrials (NYSE: SIJ) UltraShort Oil & Gas (NYSE: DUG) UltraShort Real Estate (NYSE: SRS) UltraShort Semiconductors (NYSE: SSG) UltraShort Technology (NYSE: REW) UltraShort Telecommunications (NYSE: TLL) UltraShort Utilities (NYSE: SDP) UltraShort MSCI EAFE (NYSE: EFU) UltraShort MSCI Emerging Markets (NYSE: EEV) UltraShort MSCI Europe (NYSE: EPV) UltraShort MSCI Pacific ex-Japan (NYSE: JPX) UltraShort MSCI Brazil (NYSE: BZQ) UltraShort FTSE/Xinhua China 25 (NYSE: FXP) UltraShort MSCI Japan (NYSE: EWV) UltraShort MSCI Mexico Investable Market (NYSE: SMK) UltraShort 7-10 Year Treasury (NYSE: PST) UltraShort 20+ Year Treasury (NYSE: TBT) UltraShort DJ-UBS Commodity (NYSE: CMD) UltraShort DJ-UBS Crude Oil (NYSE: SCO) UltraShort Gold (NYSE: GLL) UltraShort Silver (NYSE: ZSL) UltraShort Euro (NYSE: EUO) UltraShort Yen (NYSE: YCS) Ultra QQQ (NYSE: QLD) Ultra Dow30 (NYSE: DDM) Ultra S&P500 (NYSE: SSO) Ultra Russell3000 (NYSE: UWC) Ultra MidCap400 (NYSE: MVV) Ultra SmallCap600 (NYSE: SAA) Ultra Russell2000 (NYSE: UWM) UltraPro S&P500 (NYSE: UPRO) Ultra Russell1000 Value (NYSE: UVG) Ultra Russell1000 Growth (NYSE: UKF) Ultra Russell MidCap Value (NYSE: UVU) Ultra Russell MidCap Growth (NYSE: UKW) Ultra Russell2000 Value (NYSE: UVT) Ultra Russell2000 Growth (NYSE: UKK) Ultra Basic Materials (NYSE: UYM) Ultra Consumer Goods (NYSE: UGE) Ultra Consumer Services (NYSE: UCC) Ultra Health Care (NYSE: RXL) Ultra Industrials (NYSE: UXI) Ultra Oil & Gas (NYSE: DIG) Ultra Real Estate (NYSE: URE) Ultra Semiconductors (NYSE: USD) Ultra Technology (NYSE: ROM) Ultra Telecommunications (NYSE: LTL) Ultra Utilities (NYSE: UPW) Ultra DJ-UBS Commodity (NYSE: UCD) Ultra DJ-UBS Crude Oil (NYSE: UCO) Ultra Gold (NYSE: UGL) Ultra Silver (NYSE: AGQ) Ultra Euro (NYSE: ULE) Ultra Yen (NYSE: YCL) Ultra MSCI EAFE (NYSE: EFO) Ultra MSCI Emerging Markets (NYSE: EET) Ultra FTSE/Xinhua China 25 (NYSE: XPP) Ultra MSCI Japan (NYSE: EZJ)

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Gilman and Pastor LLP Announces That 6 Days Remain for Investors to File Certifications to Serve As Lead Plaintiff in the ProShares UltraShort Real Estate Fund (SRS)

Tue, 29 Sep 2009 15:08:00 GMT

Gilman and Pastor LLP filed a class action lawsuit on September 21, 2009 in the United States District Court for the District of Maryland, on behalf of Plaintiffs and all persons who purchased or otherwise acquired shares in the following ProShares Funds: UltraShort Real Estate Fund (AMEX: SRS); UltraShort Financials (AMEX: SKF); UltraShort Oil and Gas (AMEX: DUG); Ultra Financials (AMEX: UYG); UltraShort S&P 500 (AMEX: SDS); UltraShort Emerging Markets (AMEX: EEV); UltraShort FTSE/Xinhua (AMEX: FXP); UltraShort DJ - AIG - Crude Oil (AMEX: SCO) (collectively hereinafter referred to as the "ProShares Funds").
The ProShares Funds are exchange-traded funds ("ETF") offered by ProShares Trust ("ProShares") and Plaintiffs and class members were damaged pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information.
If you have lost in excess of $200,000 in any of the ProShares Funds and would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact Kenneth G. Gilman, Esq. of Gilman and Pastor, at (888) 252-0048, or via email at info@gilmanpastor.com.

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Gilman and Pastor LLP Files Class Action Lawsuit on Behalf of Purchasers of Multiple ProShares Ultra and UltraShort Funds

Wed, 23 Sep 2009 15:07:00 GMT

UltraShort Real Estate Fund (AMEX: SRS)
The ProShares Funds are exchange-traded funds ("ETF") offered by ProShares Trust ("ProShares") and Plaintiffs and class members were damaged pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement").
The Plaintiffs seek a Class and Subclasses for each of the Funds purchased by the Plaintiff.

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Shalov Stone Bonner &Amp; Rocco LLP Announces Class Action Against ProShares' UltraShort Financials Proshares Fund - SKF

Fri, 21 Aug 2009 20:47:00 GMT

Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons who purchased or otherwise acquired shares in the UltraShort Financials Proshares fund (the "SKF Fund") (NYSE: SKF) (PCX: SKF), an exchange-traded fund offered by ProShares Trust, pursuant or traceable to ProShares' Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement") issued in connection with the SKF Fund's shares.
Investors who purchased shares of SKF Fund may have suffered losses that may be compensable under the law.
Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution of lawsuits on behalf of investors.

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Shalov Stone Bonner & Rocco LLP Announces Class Action Against ProShares' UltraShort Financials Proshares Fund - SKF

Fri, 21 Aug 2009 20:15:00 GMT

NEW YORK, NY -- -- 08/21/09 -- Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons who purchased or otherwise acquired shares in the UltraShort Financials Proshares fund , an exchange-traded fund offered by ProShares Trust, pursuant or traceable to ProShares' Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with the SKF Fund's shares. The lawsuit is pending in the United States District Court for the Southern District of New York.[More...]

Skor Food Group Reports Improved Earnings For Q3 - 2009

Fri, 31 Jul 2009 11:55:00 GMT

TORONTO, July 31 /CNW/ - The Skor Food Group Inc. (TSX.V: SKF)("SKOR"), a vertically integrated food service company, announced financial results for the third quarter of fiscal 2009.[More...]

ProShares Launches First and Only Short and Leveraged ETFs for the Russell 3000®

Thu, 02 Jul 2009 13:59:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs built to provide short and leveraged exposure to the Russell 3000® Index. ProShares Ultra Russell3000 (UWC) is built to produce 200% of the performance of the Russell 3000 Index for a single day, while ProShares UltraShort Russell3000 (TWQ) is built to produce 200% of the inverse performance of the Russell 3000 Index for a single day.[More...]

ProShares Launches First ETFs to Provide Triple Exposure to S&P 500®

Thu, 25 Jun 2009 14:13:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis. ProShares UltraPro S&P500 (UPRO) seeks 300% of the performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P500 (SPXU) seeks 300% of the inverse performance of the S&P 500 for a single day (before fees and expenses). The new ETFs will be listed on NYSE Arca today.[More...]

"Stock Alerts" Off to a Fantastic Start in 2009 -- 100% of Trades Profitable

Thu, 26 Feb 2009 13:32:00 GMT

SANTA CLARA, CA -- -- 02/26/09 -- For most traders, the start of 2009 has been horrific. The worst January ever for the markets has been followed up by an extremely weak February. Not all traders, however, are counting their losses. Subscribers to the BullTrade.com 'Stock Alert' Service have managed 15 straight gains to start the year. Early in January, traders managed a 40% gain by shorting Citigroup over a couple of days. Since then, traders realized an almost 20% gain shorting SKF , over 10% on a quick trade in QLD and nearly 10% in Google , among others. Over the past six years, subscribers have closed out over 96% of 'Stock Alert' trades profitably. One member e-mailed his thanks in saying, 'I've only made three trades so far this year and I'm up 25%. Less is more! Keep up the great service!'[More...]

Skor Food Group reports 2009 first quarter financial results

Fri, 30 Jan 2009 11:55:00 GMT

TORONTO, Jan. 30 /CNW/ - The Skor Food Group Inc. (TSX.V: SKF)("SKOR"), a fully integrated food service company announced first quarter financial results for the period ended November 30, 2008.[More...]