Why did SRS go up Dec 12/2007

Discussion in 'Stocks' started by Sikhinvestor, Dec 11, 2007.

  1. Hi Everyone,

    This confused the crap out of me, SRS was at 92 bux a share a couple of days ago, and then it shot up 10%. I usually trade this in small lots from time to time. I assumed it would go down today, becuase of the interest rate cut?

    Why did this go up, I know this is a newbie question, but would appreciate it.

  2. Ares1


    Wasn't that something!

    Looks like it bounced near the 8 weekly ema.

    When another trader mentioned that he was looking to enter SRS around $90, I looked at the 5 minute chart and saw that it recently produced a momentum low on my screen. It looked nice, but I commented that it had a wide spread with low volume (below 1,000,000 at that time). Shortly after, it started climbing.
  3. ?...........real estate is still in bad shape. It seems to be inversely correlated to treasuries.
  4. I didnt know a million shares was low volume on a 92 stock.

    Thanks for wising me up
  5. stockdeal


    Dude, The SRS is an inverted real estate play tied to a multitude of equites that may effect share price. Ya gotta remember these etf's are not charted like equites.:) :)