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Transaction Details

Company: UltraShort 20+ Year Treasury ProShares
Ticker:TBT
Yahoo Beta:0.40
Industry:ETF -- Short T-Bond

Company Description:  The ETF attempts to mimic a short position in the Lehman Brothers 20+ Year U.S. Treasury index, with twice the return of the underlying index.

Purchase Date:22 Apr 2009 Sale Date:25 Aug 2010
Purchase Price:$46.15 Sale Price:$30.27
  --Split Adjusted:$46.15  --Split Adjusted:$30.27
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$86.45 Transaction Fee:$79.44
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$64.30 High$0.00
Date31 Oct 2008 Date01 Jan 1996
Low$35.85 Low$0.00
Date30 Dec 2008 Date01 Jan 1996
S&P (Purchase Date):$857.14 S&P (Sale Date):$1,047.48

Purchase
Timing:  The fund has appreciated significantly over the last two months.
Reason:  Treasury yields remain extremely low, despite a dramatic increase in money supply from the stimulus package. Both Warren Buffet and George Soros have suggested that Treasuries may be the latest asset class to experience a bubble. We expect Treasury yields to rise and prices to fall significantly at some point.

Sale
Timing:  
Reason:  We believe interest rates will remain low for the foreseeable future and the money could be put to better purpose.

S&P Gain: 22.21 % Annualized Gain: 17.29%
Stock Gain: -34.41 % Annualized Gain: -28.49%

Dividends:$0.00
Net Holding Return ($): $-1,753.88
Net Holding Return (%): -37.31 %