I wasnt short back then, I actually stayed away from most of those internet stocks, however the difference is this, high oil prices will certainly slow any recovery for this economy, GDP will be hampered and consumer spending will probably slow to a halt, meaning if your short certain areas of the market while short oil you will actually have on a better trade then if you were just short oil all together. At this point high energy prices will certainly hurt the consumer, its a given.
s2007....how much of your portfolio is short oil and oil related stuff? and btw...great understanding of how DCR works! you could have just tried to cross WTI down 10 points and got short like that.
i am still mystified by your DCR trade especially since you say you know the trust and how it works. who cares if it is only "1%" of your portfolio...you could have just taken that money and lit it on fire. it's like they had $10 lap dances at the strip club and you were like "nah fuck that....i'll give you $50 baby!" you are a baller.
You just proved that you are definitely not a trader with that ignorant statement. (or at the very least not someone who trades more than once or twice per day) If something goes up too quickly it's usually an excellent candidate to short. vice versa for something that goes down too quickly. Most traders I know have a very large portion of their profits come from doing just that... - mnx
June 25th is the last trading day for DCR, the NAV is still $0, however if oil does drop significantly over the next 2 months DCR will have quite a return from these levels. They are releasing new ones based on $100 oil, those are being priced around $25.00.
Now you are claiming to be SHORT commodities??? WTF??? What happened to all of your INFLATION themes and constant "bashing" of Helicopter Ben pumping up the money supply to RE-INFLATE??? You are about as much of a "flip-flopper" as John McCain has been over the years. And your total lack of understanding of the "DCR" confirms just how absurd your knowledge base is. Congratulations, you have ZERO credibility. But please keep posting . . . it's getting more and more absurd by the minute!
Great, yet another inverse ETF-type product for you to average down into oblivion with . . . More ways to lose the rest of your capital!
i know how it works.... i am short DCR. you were basically buying a mispriced option and you don't seem to understand that.