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1 pt

Bookkeeping: Increasing Hedges in Energy and Basic Materials

 Jun 19, 2008 03:59 PM UTC
Tradermark
Return Risk
-11.85% LOW
Analyst
Symbol Sentiment Start Return Closed
SMN Positive 06/19/08 +27.72% --
DUG Positive 06/19/08 -17.11% --

Graphic_arrow1 Via Fund my Mutual Fund:  

Taking Ultrashort Basic Materials (SMN) up to 4.1% of fund
Taking Ultrashort Oil - Gas (DUG) up to 4.3% of fund

The China news might finally be the catalyst to break the trend - we'll see. This is a market (energy) trading more on emotion and momentum, rather than the underlying fundamentals at this stage of the move in my opinion. And when 1 commodity sells off the hedge funds sell off everything no matter the fundamentals. So I'll just increase these insurance policies (hedges).

So far the "insurance" policy in the Basic Materials has been a big loser for us

(ouch)



....but the Oil - Gas position has actually worked very well, since we entered at an opportune time. [May 21: Oil Looking Toppy to Me - Starting Ultrashort Oil & Gas]

(not bad from late May)



Politicians meddling might hurt near term psychology as well - parabolic markets are generally built on psychology f...



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Locationh   68%     1 point   commented 121 days ago reply

I can do better then a 2.25% dividend investing on my own which is what this MF stock does with your money.

The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Basic Materials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.

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