Re: QID vs QQQQ

On Mar 13, 8:00 pm, "Bill Reid" <hormelf...@[EMAIL PROTECTED]
> wrote:

> No, I said "DESIGNATED 'market maker'", when I really was talking
> about the so-called "authorized participants"

OK then:

"A principal investment strategy of the Funds is to enter into
Financial Instruments, which may include forward contracts, and for
the Short ProShares, that may be the primary or sole investment
strategy. The Funds may enter into equity, equity index or interest
rate forward contracts for purposes of attempting to gain exposure to
an index or group of securities without actually purchasing these
securities, or to hedge a position."

from page 9 - ProShares SAI Supplement - dated 11/13/2007
http://www.proshares.com/resources/litcenter#sai

We're talking about managing ****tfolio composition for a short ETF.

(as opposed to bringing it to market...)