[Placing Stop on ProShares UltraShort Dow 30 (DXD)]
Dear Member:
The Dow has continued to drop which has added more and more profit to my position in the ProShares UltraShort Dow 30 (DXD). In order to attempt to preserve profit in the position, I am placing a stop to sell at $57. If the stop is hit before I move it up, the position should achieve a profit of about $1.40 to $1.50.
DISCLOSURE: At the time of publication, I own shares of DXD.
Sincerely,
Bill Kraft
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