Have no idea what it is other than it looks like a double down oil ETF. The thing I don't understand is it went from $4.00 two weeks ago to $0.88 today. Gas or Crude oil prices haven't changed 4X yet. Anyway, bought only $2000 of DCR at closing. I may lose all, but that's the loss I can take. It is like an call option but with no time money to lose. If It gained 100% tomorrow, I will sell it. If it stays low, I will hold it until it goes to zero. No stop loss for me on this one. I just think oil stocks have gone up too fast. It will take a break. (although long term wise, oil will go up more.)
Yes I would sell asap. DCR is going to be closed very soon. I bought it a few weeks ago, and got out for a loss as soon as I realized it was trading at a discount to its value and the ETF would be closed. http://macromarkets.com/recent_news/press_releases/2008/20080417_Termination_Trigger.pdf
"at .88 cents oil would have to close below 117.36 by june 25 for you to flat it." Well, I have to admit that I didn't know how DCR worked, and probably still don't know 1005. Thanks for the link on it is closing out. At 0.88 it is a gamble. $117.36 of crude oil by June 25 is not totally impossible. I may get our tomorrow, maybe just hold it until it expires. Luckily I just place little money to gamble. Thanks everyone.
I was watching dcr on friday and for a while in the morning uso looked like a short..so I started accumulating a position in dcr waiting for a pop...but there was a seller keeping it below around .90. Then in the afternoon oil was shooting up dcr was finding alot of support around the .87, .88 level.. I havent been trading dcr very long so I was wondering if any one could offer any insight..
Advice: move on to something else. Don't put your money to risk in something that is about to be shut down. It's not a stock that is going to go from .88 to 10. It's not a lottery ticket.
there isn't much to trade. it's basically an option that is priced as if oil will settle around 117.25 on june 25.