arl - I have no frear about the DUG trade. I bought at
30.68, I'm down about 3.5%, which as Matt says, is not much for an
ultra ETF. May sound niave, but I actually don't see how the
trade can NOT work, which is why I didn't sell it. Oil stocks
can't just go straight up. HAHA - famous last words!
But really, they do look toppy now. And if I give it 8%, a
little more, and oil stocks still haven't corrected, that will be
extraordinary and I'll take my loss and will have learned
something.
You know what I would like to see? Oil up on Mon DUG--drops
makes new lows--just under 29 or whatever BUT by the end of day it
closes on the highs of the day UP over a buck from Fri--sort of
like a key reversal day..Then the trade works over the next 5
or so days and gets to my target Oh well I like to
dream--LOL
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arl - I have no
SKF-Financials
Posted by Michael on 10th of May 2008 at 05:11 pm
arl - I have no frear about the DUG trade. I bought at 30.68, I'm down about 3.5%, which as Matt says, is not much for an ultra ETF. May sound niave, but I actually don't see how the trade can NOT work, which is why I didn't sell it. Oil stocks can't just go straight up. HAHA - famous last words! But really, they do look toppy now. And if I give it 8%, a little more, and oil stocks still haven't corrected, that will be extraordinary and I'll take my loss and will have learned something.
DUG
Posted by arl3080 on 10th of May 2008 at 06:33 pm
You know what I would like to see? Oil up on Mon DUG--drops makes new lows--just under 29 or whatever BUT by the end of day it closes on the highs of the day UP over a buck from Fri--sort of like a key reversal day..Then the trade works over the next 5 or so days and gets to my target Oh well I like to dream--LOL