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Re: cash2make4me2day post# 18753

Tuesday, 07/08/2008 1:20:15 PM

Tuesday, July 08, 2008 1:20:15 PM

Post# of 52246
OT: thanks cash2, I should have specified. still, i think of it as a bet on falling oil.... here is a tidbit from proshares website:

"""""Objective
UltraShort Oil & Gas ProShares seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Oil & Gas IndexSM."""""

http://www.proshares.com/funds/dug.html

there are days when dug moves in the same direction as oil, but in my experience, they move apart overall.

i have been in and out of it many times this year, overall it's been good to me, but i sell it quick if i am down just 2 or 3 percent as i try to conserve capital, then try again. this time around has been a good run for sure. either oil breaks at some point, or the world economy goes belly up imo.

take care.


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