DUG down 4% clq08 down 2% ???

Discussion in 'Stocks' started by DonKee, Jun 9, 2008.

  1. DonKee

    DonKee

    DUG seems like a very poor vehicle to play the short side of crude.

    Anything better that you can take a straight long position in (this is for an account that cannot trade futures, options, or short) ?

    Thx
     
  2. Try "DEE".
     
  3. DonKee

    DonKee

    Thanks.

    I believe DEE is a double short commodity fund rather than a short or double short crude play. I'm looking for the opposite of "oil", either single or double short.
     
  4. S2007S

    S2007S


    Are you hyping my pick of the year...


    :D


    DUG DOES NOT SHORT OIL!!!!!!!!!!


    IT shorts the oil stocks.....


    Go with DEE, if you want to short oil short

    USO or OIL


    I would rather just buy DEE it shorts a bunch of different commodities, not just oil. Waiting for more of a pullback below $20 to get more.
     
  5. I believe DEE is a double short of the Deutsche Bank DBC "Deutsche Bank Commodity Index" http://dbfunds.db.com/dbc/index.aspx

    The index has a 55% allocation to energy thus a very high correlation to crude oil.

    I think currently that's the best "Short oil ETF" that can be owned by a 401k.
     
  6. DonKee

    DonKee

    yep, looks like it. hard to believe someone doesn't have a single and double short "oil".